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Gasoline powers inflation rate to 3.1 per cent in June
Wednesday, July 23, 2008
The Canadian Press -- OTTAWA — Living in Canada got a lot more expensive last month as the accelerating price of gasoline and the emergence of food inflation pushed the rate of increase in Canada's consumer price index to over three per cent for the first time in nearly three years.

Statistics Canada said Wednesday the country's annual inflation rate jumped to 3.1 per cent in June from 2.2 per cent the previous month, the biggest one-month leap since September 2005.

From May, prices were 0.7 per cent higher.


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JT
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Message Posted: 7/23/2008 9:57:38 AM  Ignore JT Report Abuse
Wednesday, July 23, 2008
The Canadian Press -- OTTAWA — Living in Canada got a lot more expensive last month as the accelerating price of gasoline and the emergence of food inflation pushed the rate of increase in Canada's consumer price index to over three per cent for the first time in nearly three years.

Statistics Canada said Wednesday the country's annual inflation rate jumped to 3.1 per cent in June from 2.2 per cent the previous month, the biggest one-month leap since September 2005.

From May, prices were 0.7 per cent higher.

Visit The Canadian Press for full article
REPLIES (newest first)
Gorlock
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Toledo

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Message Posted: 7/24/2008 12:00:51 PM  Ignore Gorlock Report Abuse
We'll see what our numbers say. I'll bet the 3rd quarter will see an improvement. That's when the US sets the increase for the federal government employees.
bbthegun
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San Diego

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Message Posted: 7/24/2008 9:58:52 AM  Ignore bbthegun Report Abuse
Inflation is due to the price of oil and its spiderweb effect on all consumer goods. Without it consumer prices would probably be steady or falling.
DFleming
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Alberta

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Message Posted: 7/24/2008 9:55:49 AM  Ignore DFleming Report Abuse
Interest rates will have to go up soon or inflation will get out of control.
WreckDiver59
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Detroit

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Message Posted: 7/24/2008 9:55:43 AM  Ignore WreckDiver59 Report Abuse
Don't you just love statistics? How about this one... How many different ways are there to say the same thing and how does that relate to the number of media outlets?
Jeannemarie
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Las Vegas

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Message Posted: 7/24/2008 9:48:03 AM  Ignore Jeannemarie Report Abuse
I am in France and if you want to talk about inflation just ask me....... Gasoline is bouncing up and down with the crude oil prices (not like at home where it does little but go up.) I am driving a cute little Peugeot and it gets excellent mileage as we have driven all around France in it and filled up once but it was $13.65 US per gallon which is a bit high as the $ is so slow in comparison.
jeepster23
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Massachusetts

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Message Posted: 7/24/2008 9:44:34 AM  Ignore jeepster23 Report Abuse
This is news?
Don20
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Oklahoma City

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Message Posted: 7/24/2008 9:43:03 AM  Ignore Don20 Report Abuse
The next step is a cost of living increase for everyone....
CyrusCody
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Albany

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Message Posted: 7/24/2008 9:39:01 AM  Ignore CyrusCody Report Abuse
The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years, the U.S. Geological Survey said.
EarlyMoose
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Seattle

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Message Posted: 7/24/2008 9:36:22 AM  Ignore EarlyMoose Report Abuse
I tried to use the force but my car wouldn't cooperate.
bauerboy
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Seattle

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Message Posted: 7/24/2008 9:34:55 AM  Ignore bauerboy Report Abuse
It's going to take a little while longer to see the higher fuel costs work their way into all retail products.
Howmuchtofillit
All-Star Author
Trenton

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Message Posted: 7/24/2008 9:32:42 AM  Ignore Howmuchtofillit Report Abuse
Well the government doesn't seem to care, so why should we worry.
Phantomwalker
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Nova Scotia

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Message Posted: 7/24/2008 9:32:09 AM  Ignore Phantomwalker Report Abuse
To bad peoples wages won't reflect the inflation rates.
HockeyLady
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New Jersey

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Message Posted: 7/24/2008 9:30:30 AM  Ignore HockeyLady Report Abuse
rocket science--NOT

[Edited by: HockeyLady at 7/24/2008 10:31:02 AM EST]
JB1881
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New Mexico

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Message Posted: 7/24/2008 9:28:08 AM  Ignore JB1881 Report Abuse
Give this reporter and A for economics.
RC_RACER
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Tacoma

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Message Posted: 7/24/2008 9:27:57 AM  Ignore RC_RACER Report Abuse
and my wage has not changed at all. I can only wonder why buisness is down. duh.
UTOrangeMan
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Atlanta

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Message Posted: 7/24/2008 9:27:54 AM  Ignore UTOrangeMan Report Abuse
Duh!
AuburnTim
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Indiana

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Message Posted: 7/24/2008 9:27:08 AM  Ignore AuburnTim Report Abuse
It doesn't take a rocket scienctist to figure that one out
woos777
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Washington

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Message Posted: 7/24/2008 9:25:49 AM  Ignore woos777 Report Abuse
Help us all Obe Wan.
Dale Jr.
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Iowa

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Message Posted: 7/24/2008 9:24:47 AM  Ignore Dale Jr. Report Abuse
Not surprised.
Wolfwings
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Delaware

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Message Posted: 7/24/2008 9:23:56 AM  Ignore Wolfwings Report Abuse
Then, why did the price of gas go so much more higher?
PokerAce
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Louisiana

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Message Posted: 7/24/2008 9:23:49 AM  Ignore PokerAce Report Abuse
Nawwwwwww.....
SlugBuggy
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Colorado Springs

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Message Posted: 7/24/2008 9:22:06 AM  Ignore SlugBuggy Report Abuse
Stating the obvious...news @ 5:00
CardinalX
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Orange County

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Message Posted: 7/24/2008 9:21:59 AM  Ignore CardinalX Report Abuse
i have a mess of canadian quarters i still can't give away
Chazzer
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Nevada

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Message Posted: 7/24/2008 9:21:51 AM  Ignore Chazzer Report Abuse
Even in Canada!
Lonewolftx
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Houston

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Message Posted: 7/24/2008 9:20:37 AM  Ignore Lonewolftx Report Abuse
Lifes tough all over apprently . . .
iluna
All-Star Author
Colorado Springs

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Message Posted: 7/24/2008 9:19:59 AM  Ignore iluna Report Abuse
The price of gas fueling inflation....ya' think??!!!
kevski
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Oregon

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Message Posted: 7/24/2008 9:19:55 AM  Ignore kevski Report Abuse
bummer
tomok
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Portland

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Message Posted: 7/24/2008 9:18:27 AM  Ignore tomok Report Abuse
The price of fuel is spread throughout the economies and in many countries - not just Canada....
SeerLV
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Las Vegas

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Message Posted: 7/24/2008 9:17:44 AM  Ignore SeerLV Report Abuse
Energy prices effect everything
tz2001
Sophomore Author
Virginia

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Message Posted: 7/24/2008 9:16:17 AM  Ignore tz2001 Report Abuse
Rising prices cause inflation? Brilliant!
BrianGriffin
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Victoria

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Message Posted: 7/24/2008 9:16:14 AM  Ignore BrianGriffin Report Abuse
Oh!
eaglev
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Oklahoma City

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Message Posted: 7/24/2008 9:15:08 AM  Ignore eaglev Report Abuse
It is up because of Gas!! Wow what a suprise
FizedNH
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New Hampshire

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Message Posted: 7/24/2008 9:14:59 AM  Ignore FizedNH Report Abuse
Everywhere...
SpruceGuse2
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Michigan

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Message Posted: 7/24/2008 9:13:11 AM  Ignore SpruceGuse2 Report Abuse
Let's tighten up the boot straps!
roadkillGA
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Georgia

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Message Posted: 7/24/2008 9:09:06 AM  Ignore roadkillGA Report Abuse
around and around
siouxbear
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Ontario

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Arrrgh!
amacquarrie
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Nevada

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Message Posted: 7/24/2008 9:05:33 AM  Ignore amacquarrie Report Abuse
and the broken record continues
t4204life
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Ohio

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Message Posted: 7/24/2008 9:04:52 AM  Ignore t4204life Report Abuse
imagine that.
Somis1
Champion Author
Ventura

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Message Posted: 7/24/2008 9:04:26 AM  Ignore Somis1 Report Abuse
Putting numbers to what everyone knows.....
good2goVA
Sophomore Author
Virginia

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Message Posted: 7/24/2008 9:02:09 AM  Ignore good2goVA Report Abuse
go figure. Gas goes up, life gets more expensive.
Brn2bEvl
All-Star Author
New York

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Message Posted: 7/24/2008 9:01:41 AM  Ignore Brn2bEvl Report Abuse
Who cares!
Dennis783
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Wisconsin

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Message Posted: 7/24/2008 9:00:02 AM  Ignore Dennis783 Report Abuse
I believe it
bluebird1
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Toronto

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Message Posted: 7/24/2008 8:59:15 AM  Ignore bluebird1 Report Abuse
Just confirming what everyone knew was going to happen...products invariable use oil either shipping, manuf. or packaged in. Just a matter of when costs are passed thru. What gets me is last nights news then stated that it makes avg. salary only 1% better than last yr. Is someone math handicapped??
Who's salary is keeping pace with this inflation...oh maybe the increase of millionaires income tipped the scale here???
rbdesigns
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Modesto

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Message Posted: 7/24/2008 8:58:58 AM  Ignore rbdesigns Report Abuse
I know that & you know that, but some people have to be reminded.
mistymiss
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Fresno

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Message Posted: 7/24/2008 8:55:04 AM  Ignore mistymiss Report Abuse
gas is a BIG factor in inflation.
Egaser
Veteran Author
Atlanta

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Message Posted: 7/24/2008 8:54:57 AM  Ignore Egaser Report Abuse
You ever get the idea that Gas Buddy is out of Canada?
tobasco
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Los Angeles

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Message Posted: 7/24/2008 8:54:31 AM  Ignore tobasco Report Abuse
Genious.
CdnGlassLady
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Ontario

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Message Posted: 7/24/2008 8:52:56 AM  Ignore CdnGlassLady Report Abuse
what a total no brainer! One doesn't need any form of special training to figure out that if gas goes up transporting goods is going to go up therefore the end product will have to increase
uh duh
rbdesigns
Veteran Author
Modesto

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Message Posted: 7/24/2008 8:51:20 AM  Ignore rbdesigns Report Abuse
Gas goes up...everything goes up!!!
lazycar
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Los Angeles

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Message Posted: 7/24/2008 8:50:51 AM  Ignore lazycar Report Abuse
If this is Canada, what do you think it is here?
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