Inflation ticked up to 2.9% in May
Inflation ticked up to 2.9% in May
www.cbc.ca /news/business/cpi-may-1.7245616
Rental prices rose 0.9 per cent in May from the previous month. That brought the yearly pace of rent increases up to 8.9 per cent, with rent being the second-largest annual contributor to inflation.
Mortgage interest costs slowed very slightly to 0.8 per cent in May from April, and brought the annual pace of increases to 23.3 per cent.
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One of these categories seem very out of place for a conversation about national inflation.
Some of the increase was typical of the season. Prices for cellular services, rent, travel tours and air transportation grew at a faster pace, according to the data agency.