Quebecers are not done with inflation

After breaking a record figure of more than 7% in May, the consumer price index for June could reach a new peak tomorrow, Statistics Canada should announce.

Quebecers are not done with inflation

After breaking a record figure of more than 7% in May, the consumer price index for June could reach a new peak tomorrow, Statistics Canada should announce.

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“It's really an economic period that clashes with the past. There is nothing that demonstrates a balance and the figures are not likely to go down anytime soon, ”said the director of the accounting firm Mallette, Éric Pronovost.

With this galloping inflation, the noose is tightening for many Quebecers. However, according to several experts, the drop in the price of groceries and the price of a liter of gasoline, which is experiencing a lull, should ease the financial pressure for many citizens.

“People are expected to simply go and hand over the keys to the bank because there are people who are no longer able to manage it with inflation,” explained the president of Jean Fortin.

Despite the price increase, experts are calling for vigilance because no one can predict when the price increase will level off.

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