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GasBuddy News Article


Gasoline powers inflation rate to 3.1 per cent in June
Wednesday, July 23, 2008
The Canadian Press -- OTTAWA — Living in Canada got a lot more expensive last month as the accelerating price of gasoline and the emergence of food inflation pushed the rate of increase in Canada's consumer price index to over three per cent for the first time in nearly three years.

Statistics Canada said Wednesday the country's annual inflation rate jumped to 3.1 per cent in June from 2.2 per cent the previous month, the biggest one-month leap since September 2005.

From May, prices were 0.7 per cent higher.


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JT
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Message Posted: 7/23/2008 10:57:38 AM  Ignore JT Report Abuse
Wednesday, July 23, 2008
The Canadian Press -- OTTAWA — Living in Canada got a lot more expensive last month as the accelerating price of gasoline and the emergence of food inflation pushed the rate of increase in Canada's consumer price index to over three per cent for the first time in nearly three years.

Statistics Canada said Wednesday the country's annual inflation rate jumped to 3.1 per cent in June from 2.2 per cent the previous month, the biggest one-month leap since September 2005.

From May, prices were 0.7 per cent higher.

Visit The Canadian Press for full article
REPLIES (newest first)
Gorlock
Sophomore Author
Toledo

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Message Posted: 7/24/2008 1:00:51 PM  Ignore Gorlock Report Abuse
We'll see what our numbers say. I'll bet the 3rd quarter will see an improvement. That's when the US sets the increase for the federal government employees.
bbthegun
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San Diego

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Message Posted: 7/24/2008 10:58:52 AM  Ignore bbthegun Report Abuse
Inflation is due to the price of oil and its spiderweb effect on all consumer goods. Without it consumer prices would probably be steady or falling.
DFleming
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Alberta

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Message Posted: 7/24/2008 10:55:49 AM  Ignore DFleming Report Abuse
Interest rates will have to go up soon or inflation will get out of control.
WreckDiver59
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Detroit

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Message Posted: 7/24/2008 10:55:43 AM  Ignore WreckDiver59 Report Abuse
Don't you just love statistics? How about this one... How many different ways are there to say the same thing and how does that relate to the number of media outlets?
Jeannemarie
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Las Vegas

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Message Posted: 7/24/2008 10:48:03 AM  Ignore Jeannemarie Report Abuse
I am in France and if you want to talk about inflation just ask me....... Gasoline is bouncing up and down with the crude oil prices (not like at home where it does little but go up.) I am driving a cute little Peugeot and it gets excellent mileage as we have driven all around France in it and filled up once but it was $13.65 US per gallon which is a bit high as the $ is so slow in comparison.
jeepster23
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Massachusetts

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Message Posted: 7/24/2008 10:44:34 AM  Ignore jeepster23 Report Abuse
This is news?
Don20
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Oklahoma City

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Message Posted: 7/24/2008 10:43:03 AM  Ignore Don20 Report Abuse
The next step is a cost of living increase for everyone....
CyrusCody
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Albany

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Message Posted: 7/24/2008 10:39:01 AM  Ignore CyrusCody Report Abuse
The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years, the U.S. Geological Survey said.
EarlyMoose
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Seattle

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Message Posted: 7/24/2008 10:36:22 AM  Ignore EarlyMoose Report Abuse
I tried to use the force but my car wouldn't cooperate.
bauerboy
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Seattle

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Message Posted: 7/24/2008 10:34:55 AM  Ignore bauerboy Report Abuse
It's going to take a little while longer to see the higher fuel costs work their way into all retail products.
Howmuchtofillit
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Trenton

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Message Posted: 7/24/2008 10:32:42 AM  Ignore Howmuchtofillit Report Abuse
Well the government doesn't seem to care, so why should we worry.
Phantomwalker
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Nova Scotia

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Message Posted: 7/24/2008 10:32:09 AM  Ignore Phantomwalker Report Abuse
To bad peoples wages won't reflect the inflation rates.
HockeyLady
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New Jersey

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Message Posted: 7/24/2008 10:30:30 AM  Ignore HockeyLady Report Abuse
rocket science--NOT

[Edited by: HockeyLady at 7/24/2008 10:31:02 AM EST]
JB1881
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New Mexico

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Message Posted: 7/24/2008 10:28:08 AM  Ignore JB1881 Report Abuse
Give this reporter and A for economics.
RC_RACER
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Tacoma

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Message Posted: 7/24/2008 10:27:57 AM  Ignore RC_RACER Report Abuse
and my wage has not changed at all. I can only wonder why buisness is down. duh.
UTOrangeMan
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Atlanta

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Message Posted: 7/24/2008 10:27:54 AM  Ignore UTOrangeMan Report Abuse
Duh!
AuburnTim
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Indiana

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Message Posted: 7/24/2008 10:27:08 AM  Ignore AuburnTim Report Abuse
It doesn't take a rocket scienctist to figure that one out
woos777
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Washington

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Message Posted: 7/24/2008 10:25:49 AM  Ignore woos777 Report Abuse
Help us all Obe Wan.
Dale Jr.
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Iowa

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Message Posted: 7/24/2008 10:24:47 AM  Ignore Dale Jr. Report Abuse
Not surprised.
Wolfwings
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Delaware

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Message Posted: 7/24/2008 10:23:56 AM  Ignore Wolfwings Report Abuse
Then, why did the price of gas go so much more higher?
PokerAce
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Louisiana

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Message Posted: 7/24/2008 10:23:49 AM  Ignore PokerAce Report Abuse
Nawwwwwww.....
SlugBuggy
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Colorado Springs

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Message Posted: 7/24/2008 10:22:06 AM  Ignore SlugBuggy Report Abuse
Stating the obvious...news @ 5:00
CardinalX
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Orange County

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Message Posted: 7/24/2008 10:21:59 AM  Ignore CardinalX Report Abuse
i have a mess of canadian quarters i still can't give away
Chazzer
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Nevada

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Message Posted: 7/24/2008 10:21:51 AM  Ignore Chazzer Report Abuse
Even in Canada!
Lonewolftx
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Houston

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Message Posted: 7/24/2008 10:20:37 AM  Ignore Lonewolftx Report Abuse
Lifes tough all over apprently . . .
iluna
Veteran Author
Colorado Springs

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Message Posted: 7/24/2008 10:19:59 AM  Ignore iluna Report Abuse
The price of gas fueling inflation....ya' think??!!!
kevski
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Oregon

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Message Posted: 7/24/2008 10:19:55 AM  Ignore kevski Report Abuse
bummer
tomok
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Portland

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Message Posted: 7/24/2008 10:18:27 AM  Ignore tomok Report Abuse
The price of fuel is spread throughout the economies and in many countries - not just Canada....
SeerLV
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Las Vegas

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Message Posted: 7/24/2008 10:17:44 AM  Ignore SeerLV Report Abuse
Energy prices effect everything
tz2001
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Virginia

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Message Posted: 7/24/2008 10:16:17 AM  Ignore tz2001 Report Abuse
Rising prices cause inflation? Brilliant!
BrianGriffin
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Victoria

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Message Posted: 7/24/2008 10:16:14 AM  Ignore BrianGriffin Report Abuse
Oh!
eaglev
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Oklahoma City

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Message Posted: 7/24/2008 10:15:08 AM  Ignore eaglev Report Abuse
It is up because of Gas!! Wow what a suprise
FizedNH
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New Hampshire

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Message Posted: 7/24/2008 10:14:59 AM  Ignore FizedNH Report Abuse
Everywhere...
SpruceGuse2
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Michigan

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Message Posted: 7/24/2008 10:13:11 AM  Ignore SpruceGuse2 Report Abuse
Let's tighten up the boot straps!
roadkillGA
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Georgia

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Message Posted: 7/24/2008 10:09:06 AM  Ignore roadkillGA Report Abuse
around and around
siouxbear
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Ontario

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Message Posted: 7/24/2008 10:08:40 AM  Ignore siouxbear Report Abuse
Arrrgh!
amacquarrie
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Nevada

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Message Posted: 7/24/2008 10:05:33 AM  Ignore amacquarrie Report Abuse
and the broken record continues
t4204life
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Ohio

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Message Posted: 7/24/2008 10:04:52 AM  Ignore t4204life Report Abuse
imagine that.
Somis1
Champion Author
Ventura

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Message Posted: 7/24/2008 10:04:26 AM  Ignore Somis1 Report Abuse
Putting numbers to what everyone knows.....
good2goVA
Sophomore Author
Virginia

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Message Posted: 7/24/2008 10:02:09 AM  Ignore good2goVA Report Abuse
go figure. Gas goes up, life gets more expensive.
Brn2bEvl
All-Star Author
New York

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Message Posted: 7/24/2008 10:01:41 AM  Ignore Brn2bEvl Report Abuse
Who cares!
Dennis783
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Wisconsin

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Message Posted: 7/24/2008 10:00:02 AM  Ignore Dennis783 Report Abuse
I believe it
bluebird1
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Toronto

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Message Posted: 7/24/2008 9:59:15 AM  Ignore bluebird1 Report Abuse
Just confirming what everyone knew was going to happen...products invariable use oil either shipping, manuf. or packaged in. Just a matter of when costs are passed thru. What gets me is last nights news then stated that it makes avg. salary only 1% better than last yr. Is someone math handicapped??
Who's salary is keeping pace with this inflation...oh maybe the increase of millionaires income tipped the scale here???
rbdesigns
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Modesto

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Message Posted: 7/24/2008 9:58:58 AM  Ignore rbdesigns Report Abuse
I know that & you know that, but some people have to be reminded.
mistymiss
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Fresno

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Message Posted: 7/24/2008 9:55:04 AM  Ignore mistymiss Report Abuse
gas is a BIG factor in inflation.
Egaser
Veteran Author
Atlanta

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Message Posted: 7/24/2008 9:54:57 AM  Ignore Egaser Report Abuse
You ever get the idea that Gas Buddy is out of Canada?
tobasco
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Los Angeles

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Message Posted: 7/24/2008 9:54:31 AM  Ignore tobasco Report Abuse
Genious.
CdnGlassLady
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Ontario

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Message Posted: 7/24/2008 9:52:56 AM  Ignore CdnGlassLady Report Abuse
what a total no brainer! One doesn't need any form of special training to figure out that if gas goes up transporting goods is going to go up therefore the end product will have to increase
uh duh
rbdesigns
Veteran Author
Modesto

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Message Posted: 7/24/2008 9:51:20 AM  Ignore rbdesigns Report Abuse
Gas goes up...everything goes up!!!
lazycar
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Los Angeles

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Message Posted: 7/24/2008 9:50:51 AM  Ignore lazycar Report Abuse
If this is Canada, what do you think it is here?
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