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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)

Photo ID	#13889258
Date Taken	13 June 2026
Location	N/A
Photographer	Creative Touch Imaging Ltd/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Creative Touch Imaging Ltd/NurPhoto

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