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Canada: Annual CPI Rises to 3.6% in May

Adel 16 June, 2021 4:37 pm Market Update

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.6% in May from 3.4% in April, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.5%. On a monthly basis, the CPI remained steady at 0.5%.

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