Nevertheless,
Inflation continues hurt wallet:
Uncertainty about international trade begins to be felt with rampant inflation. For example,
The consumer price index believed 1.9% last month in Canada (established on an annual basis), up slightly compared to May.
The situation is even worse in Quebec, which stands out for even higher prices growth, 2.2%, the strongest in the country. Consequently, From all the provinces, only Manitoba displayed in June an inflation comparable to that of Quebec.
Jimmy Jean, chief economist of Desjardins. However, Supplied by Desjardins
Maintaining the carbon inflation continues hurt wallet tax by the government of Quebec – unlike other provinces -. rent increases, much higher here (6.8%) than in the rest of the country (4.7%). are, according to the chief economist of Desjardins, Jimmy Jean, the two main responsible for this higher inflation in the province.
By way of comparison, Ontario saw its IPC climb 1.8% in June, or 0.4 percentage point less than in Quebec (2.2%). Alberta and British Columbia have known respective growths of 1.7% and 2.1%, while in the maritime provinces, the IPC only believed 0.8% to 1.6% in June, according to the territory.
The price of cars exploded
According to Statistics Canada. the growth in prices for durable goods (automotive, furniture, household appliances) accelerates from year to year. The price index in this sector believed 2.7% in June, compared to 2% in May.
This is particularly the case with the price of cars, which jumped 4.1% on average in June, compared to the same month in the previous year. The price of new cars believed 5.2% last June, while that of used cars increased by 1.7%, after having decreased by 0.1% in May.
The chief economist of Desjardins. Jimmy Jean, is of the opinion that the eagerness of consumers in June to change inflation continues hurt wallet their automobile before the price threats of the Trump administration was felt could explain the significant increase observed in this sector.
Trump’s prices are felt
The price of furniture has also ignited, with growth of 3.3% in June, when in May, it was only 0.1% compared to the previous year. The same goes for the price of clothing and shoes, up 2% from one year to the next. However, in May, this price was only 0.5% higher than that of less than 12 months earlier.
Donald Trump Mega/if
Statistics Canada argues that uncertainty about international inflation continues hurt wallet trade has increased on the price of clothing and shoes in June. It also recalls that industry has been faced with higher costs, resulting from new customs duties imposed by Washington.
Cheaper vegetables
Finally, contrary to what we could expect, the increase in the grocery basket would tend to slow down. In June, the price of food in store had increased by 2.8% on average, when it had increased by 3.3% in May.
While the price of meat continues to stay at peaks, the price of fresh vegetables would have decreased by 3.1% in June compared to the same month in 2024. It would be, according to Statistics Canada, of the first decline observed in fresh vegetables since October 2021.
Inflation continues hurt wallet
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