The increase was the largest yearly change since January 1983. The acceleration in June was mainly due to higher prices for gasoline, however, price increases remained broad-based, the national statistical office said.
On a year-over-year basis, consumers paid 54.6 percent more for gasoline in June following a 48 percent increase in May, the agency said, adding that gas prices largely followed crude oil prices, which peaked in the first week of June and eased in the remaining weeks of June amid slowing demand worldwide related to concerns of a global economic slowdown.
According to the agency, excluding gasoline, the consumer price index (CPI) rose 6.5 percent year over year in June, following a 6.3 percent increase in May.
On a monthly basis, the CPI rose 0.7 percent in June, following a 1.4 percent increase in May. On a seasonally adjusted monthly basis, the CPI was up 0.6 percent, the agency said.
On average, prices rose faster than hourly wages, which increased 5.2 percent in the 12 months to June, based on data from the Labour Force Survey, said Statistics Canada.
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