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Consumer Price Index, May 2022
Canadians continued to feel the impact of rising prices in May as consumer inflation rose 7.7% year over year. This was the largest yearly increase since January 1983 and up from a 6.8% gain in April. Excluding gasoline, the CPI rose 6.3% year over year in May, after a 5.8% increase in April. Price pressures continued to be broad-based, pinching the pocketbooks of Canadians and in some cases affecting their ability to meet day-to-day expenses. The acceleration in May was largely due to higher prices for gasoline, which rose 12.0% compared with April 2022 (-0.7%). Higher prices for services, such as hotels and ... (full story)
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From cnbc.com|Jun 22, 2022U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis. The 9.1% rise in the consumer price index, ...
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From financialpost.com|Jun 22, 2022London copper prices tumbled on Wednesday to their lowest level since March 2021, dragged down by a robust U.S. dollar and weaker financial markets as fears over a global economic ...
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From dailyforex.com|Jun 22, 2022|1 commentGold markets initially tried to go higher on Tuesday but fell hard after the initial move during the day. Ultimately, we have broken through the $1840 level, which is short-term ...
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From thewest.com.au|Jun 22, 2022American West Metals is keen to hunt down a suite of exploration targets as part of a maiden drill program at its Storm copper project on Somerset Island in Nunavut, Canada. ...
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From @DeItaone|Jun 22, 2022tweet at 9:17am: GERMAN CHANCELLOR OLAF SCHOLZ SAYS GERMANY WILL EQUIP ARMY SO CAN DEFEND ITSELF AND PARTNERS AGAINST ALL ATTACKS SCHOLZ: GERMANY TAKING RESPONSIBILITY NOT JUST FOR OWN SECURITY BUT ALSO THAT OF ITS ALLIES SCHOLZ: NATO PARTNERS IN EASTERN EUROPE CAN RELY ON GERMANY tweet at 9:17am: GERMANY’S CHANCELLOR SCHOLZ: RUSSIA AND CHINA WILL STEP INTO GAP IF THE WEST DOES NOT SHOW SOLIDARITY TO GLOBAL SOUTH. tweet at 9:17am: SCHOLZ: WE ARE STILL FAR FROM NEGOTIATIONS BETWEEN UKRAINE AND RUSSIA AS PUTIN STILL BELIEVES IN A DICTATED PEACE
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From @breakingmkts|Jun 22, 2022tweet at 9:22am: SWISS NATIONAL BANK CHAIRMAN THOMAS JORDAN SAYS INFLATION DATA SHOWS NEED TO TIGHTEN MONETARY POLICY FURTHER, UNCLEAR WHEN tweet at 9:23am: SNB'S CHAIRMAN JORDAN: WE ARE TO SEE IF A RATE HIKE IS ENOUGH TO FIGHT INFLATION. tweet at 9:23am: SNB'S CHAIRMAN JORDAN: SNB MAY NEED TO HIKE RATES AGAIN.
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- Posted: Jun 22, 2022 8:30am
- Submitted by:Category: Medium Impact Breaking NewsComments: 0 / Views: 2,536
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