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Statistics Canada to release May inflation rate, expected to top 7% – National

Statistics Canada will launch its newest studying on inflation this morning and expectations are for it to climb even greater.

The company is to report its client value index for Might.

The annual inflation price hit 6.8 per cent in April, its highest degree since January 1991 when it reached 6.9 per cent.

Nonetheless, economists on the Financial institution of Montreal are predicting the Might determine will high seven per cent amid a surge in vitality costs.

The large financial institution’s forecast requires a year-over-year achieve within the client value index of seven.4 per cent in Might.

It says if the forecast is right it could make it the quickest tempo since February 1983.

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Click to play video: 'Survey suggests inflation among reasons why more older Canadians are delaying retirement'







Survey suggests inflation amongst the reason why extra older Canadians are delaying retirement


Survey suggests inflation amongst the reason why extra older Canadians are delaying retirement

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