inflation in Canada hit 8.1 per cent in June as prices on gasoline surged, Statistics Canada reported on Wednesday.Gasoline prices were up 54.6 per cent year-over-year and 6.2 per cent month-to-month in June, contributing the most to the headline inflation jump, the agency said.Also in the transportation basket, prices for passenger vehicles were up 8.2 per cent in June, the second biggest driver of inflation last month.

Statistics Canada added prices for used vehicles into its consumer price index (CPI) calculations in May.Food prices were meanwhile up 8.8 per cent year-over-year, the same jump as the month before.

Prices for services, which include dining out at restaurants, rent and traveller accommodations, were up 5.2 per cent. Inflation in Canada soared 40 years ago.

Is today’s price surge any different? In May, the rate of inflation reached a 39-year-high of 7.7 per cent. Though the latest reading topped the eight per cent market, it fell short of consensus estimates that had inflation hitting 8.4 per cent in June.“It’s really saying something when an 8.1 per cent inflation rate is greeted with a modicum of relief in financial markets because it wasn’t quite as awful as expected,” wrote BMO chief economist Doug Porter in a note.Shelter prices eased off the accelerator in June but were still up 7.1 per cent.

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Teens awarded $10K in college scholarships for making duct tape prom outfits

Two high school students won college scholarships for making these prom outfits completely out of duct tape as part of a Duck Brand contest. At left is Grace Vaughn; at right, Chidinma Onwuliri.

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'Our city is at a crossroads': Allan Domb announces resignation from Philadelphia City Council

PHILADELPHIA - Council-Member-At-Large Allan Domb announced Monday that he is resigning from the Philadelphia City Council."As I announce my resignation from the Philadelphia City Council today, I am immensely grateful to Philadelphians for putting their trust in me to lead, and I am incredibly proud of all that we have accomplished over the past nearly seven years," Domb said in his announcement.He went on to say that the city of Philadelphia is "at a crossroads.""Philadelphia is the poorest big city in the country. We are staring down the highest murder rate in our history.

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FBI Mar-a-Lago Raid: DOJ opposes unsealing affidavit for warrant

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The Right Stuff, a dating app for conservatives, launches this fall

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Late rapper Nipsey Hussle posthumously honored with Hollywood Walk of Fame star

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North Philadelphia entrepreneur using tragedy to build hope and light for her community

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New data reveals the worst times to fly, worst airports for cancellations

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Election 2022: Liz Cheney in trouble while Sarah Palin eyes comeback

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FBI: 84 minors, 141 adults rescued in national sex trafficking operation

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Secret spending by spouses may actually strengthen the relationship: study

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Election seasons are stressful; here are ways to cope

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Saskatoon’s wastewater data shows an increase in COVID-19 viral load

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Tom Holland Is Taking a Break From Social Media for His Mental Health

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Decline in testing hinders efforts to keep lid on covid

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When will autumn Covid boosters be available in the UK? Latest update as new vaccine approved

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'Largest ever': $3 million winning Cash 5 ticket sold in Montgomery County

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Escaped python found hiding under parked car in Texas neighborhood

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Philadelphia DA urges people to come forward with information on violent crime, says 'We need your help'

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California retirement community hikes elderly couple's rent by $1,000/month: 'That has to be a mistake'

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Anne Heche dies from injuries sustained in Los Angeles crash

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Gov. Murphy lifts COVID-19 testing requirements for schools, child care providers in New Jersey

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Ex-Minneapolis cops reject plea deal in George Floyd's killing, will go to trial

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Wife of Hatboro officer who died from severe reaction to bee sting writing memoir about trauma, grief

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UK approves Covid vaccine targeting both Omicron, first strain

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Quebec rolls out COVID-19 booster shots for seniors in long-term care homes

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Statista DossierPlus on the impact of the coronavirus and the Russia-Ukraine war on the global economy

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Lancaster Shooting: Aqib Talib's brother wanted for killing coach at youth football game

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‘Monkeypox shows signs of slowing’: What UK health agency said

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How to reset your child’s sleep schedule for back-to-school

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Omicron-specific Covid vaccine for India in 6 months, expects Adar Poonawalla

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Gas card giveaway: Cars line up for free gas at Northeast Philadelphia station

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J-pop group JO1 pull out of KCON LA due to COVID-19

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Scotland's winter Covid vaccine programme kicks off - list of people eligible

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Many in US doubt their own impact on climate, AP-NORC poll finds

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Why now is the best time to book holiday air travel

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Gemma Collins calls out doctors after dramatic collapse amid worrying health battle

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Video: Paralyzed Florida dog shows baby how to crawl in viral TikTok

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Inflation in Canada soared 40 years ago. Is today’s price surge any different?

Inflation in Canada continues to surge despite the Bank of Canada’s efforts to tamp down on price growth, with some economists and the central bank’s own governor expecting an even higher reading in the June report due Wednesday.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Canada’s inflation rate hit 8.1% in June, driven by higher gas prices

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