Alberta is keeping its fuel tax relief program in place for now as people continue to grapple with the impact of rising inflation. "In Alberta, inflation accelerated to 7.1%, due to a rise in gasoline prices," wrote Charles St-Arnaud, chief economist with Alberta Central, the central banking facility for the province's credit unions, in an analysis Wednesday. Canada's inflation rate for the same month reached 7.7 per cent — its highest point since 1983. Without it, the rate of inflation in Alberta would likely be more like 7.6 per cent, instead of 7.1 per cent. "They've changed from something that's pulling down the rate of inflation to something that's adding to it ... That's the really notable factor."

Source: CBC News June 23, 2022 01:59 UTC