Canada’s Inflation Rate Hits 3.2% as Gas and Grocery Costs Surge

Canada’s annual inflation rate reached 3.2% in May, its highest reading since late 2023, surprising analysts who had forecast a rise to three per cent from 2.8% in April, according to Reuters polling. Fuel costs were once again the dominant factor, with gasoline prices posting a 33.2% year-over-year gain in May, steeper than the 28.6% […] The post Canada’s Inflation Rate Hits 3.2% as Gas and Grocery Costs Surge appeared first on the deep dive.