
Canada's Inflation Rate Rises to 3.2% in May, Driving Up Food Prices
Canada's inflation rate increased to 3.2% in May, driven by higher gas and grocery prices, with Canadians paying significantly more for items like tomatoes and beef. Meanwhile, Macau's inflation rate for the same month was reported at 1.43%.
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Canada's inflation rate rose to 3.2% in May
Canada's annual inflation rate edged up to 3.2 per cent in May, according to Statistics Canada. Analysts polled by Reuters had estimated the annual inflation rate to touch three per cent in May, up from 2.8 per cent in April.
Read full article →Canadians paid 45% more for tomatoes and 25% more for beef chuck in May: StatCan inflation report
Inflation increased 3.2 per cent year-over-year in May, driven by higher gas and grocery prices, according to Statistics Canada
By Laura Brehaut
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