About: http://data.cimple.eu/news-article/b381d4707f944d9ce8b0fb6d3ca52233b3963439794abf85f2b1648b

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About: http://data.cimple.eu/news-article/b381d4707f944d9ce8b0fb6d3ca52233b3963439794abf85f2b1648b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canadians paid 3.6 percent more for goods and services in May than a year earlier, marking the largest yearly increase in a decade, the government statistical agency said Wednesday. Statistics Canada said low interest rates and rising consumer confidence -- as vaccine rollouts picked up speed and public health restrictions started to be eased -- helped fuel growing demand for durable goods. Inflation, it said, was led by rising housing costs and passenger vehicle prices, while gasoline, furniture and beef prices continued to bounce back from a steep plunge in May 2020 at the onset of the pandemic. The cost of buying a home rose 11.3 percent in the month -- the largest yearly increase since 1987. Real estate prices have risen in each of the last 16 months amid higher construction costs and shifting consumer preferences with more people now working from home. "Over the course of the Covid-19 pandemic, Canadians have sought out more living space and outdoor amenities, as they have adapted to spending more time at home," Statistics Canada said. Passenger vehicle prices were up partly due to supply chain woes related to a global shortage of semiconductor chips, while gasolines prices rose at a slower pace than in April. Furniture prices also grew in May at a rate not seen since 1982. amc/bgs
schema:headline	Canada inflation rises to highest level in a decade
schema:mentions	Semiconductor Supply chain Public health Beef Inflation Canada Pandemic Vaccine Coronavirus disease 2019 Statistics Canada American Motors Corporation Price of oil Consumer confidence
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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