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Canada's inflation rate rises to 3.2% in May
Statistics Canada
Canada
May 2026
This article is generated by cross-referencing multiple sources and official announcements. Parts relying solely on testimony or reporting are reflected in the confidence score; content and assessment are updated as new information is confirmed.
Canada's year-over-year inflation rate reached 3.2% in May. Price surges were driven by energy costs and specific supply issues, such as a 45.2% increase in tomato prices due to Mexican supply contractions. Economists suggest headline inflation may have peaked.