Canadian inflation rate spikes to 3.2% on surging gas prices (opens original article in a new tab)

Canada's inflation rate rose to 3.2% in May, primarily due to sharply increasing gasoline prices, with food inflation also accelerating.

• Canadian inflation rate increased to 3.2% in May
• Gasoline prices rose 33.2% year-over-year in May
• Food inflation reached 4.3% in May