Consumer prices rose 8.1% in June, fuelled by soaring gasoline costs Canada joined the US and the UK in seeing its year-on-year inflation hit 40-year highs in June. The Consumer Prices Index reached 8.1% year-over-year in June, following a 7.7% gain in May, Statistics Canada reported on Wednesday, adding that the increase was the largest yearly change since January 1983. The acceleration in June was mainly due to higher prices for gasoline, which rose a whopping 54.6% on a year-over-year basis, the statistics agency explained. Hourly wages failed to catch up with inflation, rising by only 5.2% compared to the sa
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