Editorial photo #13889265 Economy, Business and Finance
Canada's Inflation Rate Rose To 3.2 Percent In May Driven By High Gas Prices
Lobsters at a grocery store in Toronto, Ontario, Canada, on June 13, 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 war in Iran, is a significant factor in the increase. (Photo by Creative Touch Imaging Ltd./NurPhoto)