Canada Inflation Rate May 2024

Canada Inflation Rate May 2024. Some of the most notable annual average price increases experienced by canadian consumers were for gasoline (+28.5%), food purchased from stores (+9.8%) and shelter (+6.9%). A sign outside the canada revenue agency is seen monday may 10, 2021 in ottawa.

Canada’s annual inflation rate unexpectedly accelerated to 2.9% in may, largely on higher prices for services, while key measures of core inflation edged up for the first time in five. The inflation target is expressed as the year.