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Inflation remained stable 1.7 %:
The annual rate of inflation was maintained at 1.7 % in May in the country. Similarly, the slowdown in the cost of housing costs contributed to mitigating prices pressure, Statistical Canada announced on Tuesday.
Annual inflation was also established at 1.7 % in May in Quebec, after being 2.2 % in April.
Housing costs increased from 3.0 % from one year to the other in May, according to Statistics Canada, which marks a slowdown compared to 3.4 % in April.
The increased availability of rental housing. However, combined with a slowdown in population growth compared to last spring, led to a slowdown in rent growth in May, according to Statistics Canada. Growth has slowed the most in Ontario.
The costs of mortgage interests have slowed down for a 21e consecutive months. thanks to the drop in interest rates announced by the Bank of inflation remained stable 1.7 % Canada.
Economists mainly expected that inflation remains unchanged in May. Inflation also established 1.7 % in April.
The withdrawal of carbon pricing for consumers of the federal government continued to temper annual inflation concerning the price of petrol. but a lower monthly drop in prices at the pump compared to the same period last year limited this decline.
Food prices at grocery store increased by 3.3 % on an annual basis in May, half a percentage of less percentage than the increase observed in April.
The drop in prices for organized trips and air transport also slowed down inflation last month.
Statistics Canada said, however, that new vehicles prices increased in May, by 4.9 % from one year to another, especially due to higher prices for electric vehicles.
The underlying inflation indicators, closely monitored by the Banque du Canada, fell from a tenth percentage point to be 3.0 % in May.
The next decision of the inflation remained stable 1.7 % central bank on interest rates is scheduled for July 30.
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inflation remained stable 1.7 % — Inflation remained stable 1.7 %: The annual rate of inflation was maintained at 1.7 % in May in t.
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