Canada's Consumer Price Index (CPI) rose 3.4 per cent in May year over year, following a 4.4 pe rcent increase in April, the national statistical agency said.
Statistics Canada said on Tuesday this was the smallest increase since June 2021 and the slowdown was largely driven by lower year-over-year prices for gasoline resulting from a base-year effect, Xinhua news agency reported.
It added that excluding fuel, the CPI rose 4.4 per cent in May following a 4.9 per cent increase in April.
According to the statistical agency, the mortgage interest cost index, with a growth of 29.9 per cent, remained the largest contributor to the year-over-year CPI increase.
Excluding mortgage interest cost, the CPI rose 2.5 per cent in May, following a 3.7 per cent increase in April.
On a monthly basis, the CPI was up 0.4 per cent in May, following a 0.7 per cent gain in April.
The largest contributors to the month-over-month increase were mortgage interest costs and travel services, which include traveler accommodation and travel tours.
On a seasonally adjusted monthly basis, the CPI rose 0.1 per cent, Statistics Canada said.
'My name is the guarantee of security in the country', PM Modi says in Karnataka
Prime Minister Narendra Modi on Sunday said that his name is the guarantee of security in the country, adding it was his primary duty to protect the citizens of the nation.
9 held for gang rape of minors in Meghalaya
Nine persons were arrested by the police in connection with the rape of minor girls in the South West Garo Hills district of Meghalaya, officials said on Sunday.
Indian Coast Guard apprehends Pakistani boat with huge consignment of narcotics
In a major success, the Indian Coast Guard, following an overnight aerial-maritime joint operation with the Gujarat Anti-Terrorism Squad (ATS) and the Narcotics Control Bureau (NCB), on Sunday apprehended a Pakistan boat in the Arabian Sea, west of Gujarat's Porbandar, and seized a large haul of narcotics.
Decision to build Ram Mandir in Ayodhya should have been taken on next day of Independence, PM Modi says in K'taka
Prime Minister Narendra Modi said on Sunday that the decision to build Ram Mandir in Ayodhya should have been taken the very next day after the country achieved Independence in 1947.
Rahul slams BJD-BJP in Odisha rally, says both in collusion to benefit few corporates
Congress leader Rahul Gandhi, stepping up the party’s campaign in Odisha on Sunday lashed out at the Naveen Patnaik-led BJD government and the opposition BJP while accusing them of having ‘married’ each other for personal gains and befooling the public.
PM Modi has already scored a century in first two phases of LS polls: Amit Shah
Union Home Minister Amit Shah said on Sunday that Prime Minister Narendra Modi had already scored a century of seats in the first two phases of Lok Sabha polls.
Govt extends shutdown of schools in Tripura till May 1, heat wave alert extends
In view of the intense heat wave, the Tripura government has announced an extension of shutdown of all government aided schools and privately managed schools till May 1 next.
Despite having a woman CM, females in West Bengal most unsafe: JP Nadda
BJP national president J. P. Nadda on Sunday launched a blistering attack on the Trinamool Congress government in West Bengal, saying that despite having a woman chief minister, females in the state are most unsafe.