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Canada, inflation never so high in 40 years: 7.7%

TORONTO – Inflation rate skyrocketing. Or, better, never like this in almost forty years. To make the historic “picture” is Statistics Canada, which recorded – for the month of May – a percentage increase of 7.7% compared to the same month of 2021 it’s the largest increase since January 1983 when the inflation gained 8.2%. Not only that: the current + 7.7% represents a further increase compared to the + 6.8% of just a month earlier, i.e. April 2022.  (more…)