Global News·3 min read·medium
Inflation cooled to 2.8% in June as gas prices fell, says StatCan
A
Ariel Rabinovitch
✦AI Summary
Canada's annual inflation rate cooled to 2.8% in June, largely driven by a decrease in gasoline prices. While grocery price inflation also slowed, travel-related costs surged due to increased demand and major events like the FIFA World Cup.
Consumers paid less for gas at the pump in June compared to May, and that helped cool annual inflation to 2.8 per cent, according to Statistics Canada.
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