Canada CPI slowed to 3.4% yoy, lowest since Jun 2021

<p>Canada CPI slowed from 4.4% yoy to 3.4% yoy in May, matched expectations. That’s the lowest reading since June 2021, largely driven by lower year-over-year prices for gasoline (-18.3% ) resulting from a base-year effect. Excluding gasoline, CPI also slowed from 4.9% yoy to 4.4% yoy. Mortgage interest cost index (+29.9%) remained the largest contributor […]</p>
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