According to Jin Ten data reports, Canadian consumer prices remained stable in May, with core indicators slowing down. Data from Statistics Canada shows that the CPI in May increased by 1.7% year-on-year, unchanged from April, in line with the median economist forecast.
The decline in natural gas and mobile service prices was relatively small, with May CPI rising by 0.6%, slightly faster than economists' expectations. Excluding energy factors, the annual inflation rate for May fell from 2.9% in April to 2.7%.