Canada's Inflation Rate Rose To 3.2 Percent In May Driven By High Gas Prices

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Canada's Inflation Rate Rose To 3.2 Percent In May Driven By High Gas Prices

Salmon steaks at a grocery store in Mississauga, Ontario, Canada, on June 25, 2026. Canada's Consumer Price Index (CPI) increases by 3.2 percent in May, according to Statistics Canada, with rising gas prices contributing to inflation as the cost of fresh fruits and vegetables also rises. The high cost of gas, influenced by an oil shortage due to the conflict in Iran, is a significant factor in the increase. (Photo by Creative Touch Imaging Ltd./NurPhoto)


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