Canadian CPI maintains growth during May

2021-06-17 02:47:40

(MENAFN) On Wednesday, Jun. 16 Statistics Canada reported that the Consumer Price Index (CPI) increased 3.6 percent on the basis of year-over-year last month, a rise from the prior month's 3.4 percent climb.

It was the greatest yearly rise since May 2011. Ruling out gasoline, the CPI increased 2.5 percent year over year.

Even though base-year effects keep affecting the 12-month price movement for some particular consumer commodities, like gasoline, furnishings and beef produce, the rise in year-over-year price expansion in May was led by increasing prices for shelter and passenger cars.

The monthly CPI increased 0.5 percent last month, the same expansion rate as in April.

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