Canada: Inflation Cools in May

<p>Consumer price inflation cooled to 3.4% year-on-year (y/y) in May, down from 4.4% in April – right in line with market expectations. That marks the slowest pace of inflation in nearly two years. Prices at the pump were the main story. Favourable base year effects leave gasoline prices down 18.3% lower than a year ago, [&#8230;]</p>
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