Global Finance News
22 Jun 2026, 14:00
Canadian Inflation Accelerates Sharply in May
Canadian inflation accelerated in May, with consumer prices rising 1.0% month-over-month, well above economists' expectations of 0.7% and up from 0.4% in April.
Underlying inflation pressures also strengthened. Core CPI increased 0.6% from the previous month, accelerating significantly from April's 0.2% rise. The stronger core reading suggests price increases were broad-based and not limited to a few volatile categories.
Canadian inflation accelerated in May, with consumer prices rising 1.0% month-over-month, well above economists' expectations of 0.7% and up from 0.4% in April.
Underlying inflation pressures also strengthened. Core CPI increased 0.6% from the previous month, accelerating significantly from April's 0.2% rise. The stronger core reading suggests price increases were broad-based and not limited to a few volatile categories.