quebec inflation rate

The inflation rate in Quebec rose again in June, now 8%

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

According to the June update from the Institut de la statistique du Québec, the inflation rate in Quebec is 8%, up from May when the rate was 7.5%. The last time Quebec saw inflation this high was in June 1991, when the Consumer Price Index rose by 8.1%.

The inflation rate in Canada has risen to 8.1% in June, the highest level since Jan. 1983.

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

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 2.5 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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