RCI : Consumer prices rose again in May — but has inflation peaked?

RCI / Peter Armstrong (new window) · CBC News 

Canadian policy makers likely heaved a sigh of relief at Monday’s inflation numbers.

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The year-over-year rate surged to 3.2 per cent in May. Gasoline was up 33.2 per cent. Grocery prices were up, driven by produce (which requires a lot of diesel to grow and ship). Tomato prices were up 45.2 per cent….

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