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Business / World Business

Canada inflation lower than expected in May

Published: 25 Jun 2017 - 12:02 am | Last Updated: 04 Nov 2021 - 06:01 pm

AFP

Canadians paid 1.3 percent more for goods and services in May than a year ago, as gasoline prices rose more slowly and falling food costs near-bottomed out, statistics showed.
The figures compared with a 1.6 percent uptick in prices in April. Prices were up in six of eight categories charted by Statistics Canada.
The cost of buying a home, a passenger vehicle, fresh vegetables and restaurant meals were all up in May. Airfares also cost more, while video equipment prices fell, the government agency said.