Editorial photo #13889257 Economy, Business and Finance
Canada's Inflation Rate Rose To 3.2 Percent In May Driven By High Gas Prices
Prohibited knives for sale in Mississauga, Ontario, Canada, on June 25, 2026. Canada's Consumer Price Index (CPI) increased 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 increased. The high cost of gas, influenced by an oil shortage due to the war in Iran, was a significant factor in the rise. (Photo by Creative Touch Imaging Ltd./NurPhoto)