Cover image for Canada's inflation rate rose to 3.2% in May, driven — again — by high gas prices
Business 22 Jun 2026

Canada's inflation rate rose to 3.2% in May, driven — again — by high gas prices

Canada's annual inflation rate edged up to 3.2 per cent in May, according to Statistics Canada. While gas prices led the overall rate higher, the cost of fresh fruit and vegetables also soared, driving up overall food inflation.

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Canada's annual inflation rate edged up to 3.2 per cent in May. According to Statistics Canada. While gas prices led the overall rate higher, the cost of fresh fruit. And vegetables also soared, driving up overall food inflation. Canada's annual inflation rate edged up to 3.2 per cent in May.

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