Live updates: Canada’s inflation rate accelerated to 2.9% in May: Statsca

8:30 A.M.

Canada’s inflation rate unexpectedly accelerated in May, Statistics Canada said on Tuesday. The Consumer Price Index rose 2.9 per cent in May on a year-over-year basis, up from 2.7 per cent in April. Analysts were expecting a slight slowing to 2.6 per cent.

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