Bank of Canada’s Tiff Macklem says there’s still little evidence that energy inflation is spreading (opens original article in a new tab)

Bank of Canada Governor Tiff Macklem says there's no evidence of energy inflation spreading, though food prices continue to rise.

• Bank of Canada Governor Tiff Macklem states there is little evidence of energy inflation spreading beyond oil and gas prices.
• Core inflation measures like trim and median remained stable despite rising gasoline and food prices in May.
• Persistent food inflation remains a concern, with grocery prices up 4.3% year-over-year in May.