CBC·5 min read·medium
Canada's inflation rate eased to 2.8% in June thanks to lower gas prices
✦AI Summary
Canada's inflation rate dropped to 2.8% in June, largely driven by a temporary decrease in gasoline prices. However, rising geopolitical tensions and increased demand for certain food items continue to exert pressure on consumer costs.
Higher oil prices due to the war between the U.S. and Iran have sent the cost of gas up in recent months and helped pull the inflation rate higher in May to 3.2 per cent .
economyworld
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