quebec inflation rate

The inflation rate in Quebec rose again in May, now 7.5%

Inflation in Canada is at its highest level since Jan. 1983.

According to the May update from the Institut de la statistique du Québec, the inflation rate in Quebec is currently 7.5%, up from April when the rate was 6.8%. The last time Quebec saw inflation this high was in July 1991, when the Consumer Price Index rose by 7.6%.

The inflation rate in Canada has risen to 7.7% in May, the highest level since Jan. 1983.

See the chart below for the inflation rate in Quebec over the last two years.

Source: Source : Statistics Canada and the Institut de la statistique du Québec

Quebec increased its minimum wage on May 1 by 5.5% to $14.25, now 2 percentage points below the current rate of inflation.

For the complete report, please visit the Institut de la statistique du Québec website.


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