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Canada's annual inflation unchanged at 1.7% in May, core measures slightly ease
CANADA, JUN 24 – Inflation held at 1.7% as shelter cost growth slowed to 3% and energy prices dropped 15.5%, with Ontario leading rent relief amid slower population growth, Statistics Canada said.
- Statistics Canada reported that the annual inflation rate in Canada remained unchanged at 1.7 per cent in May 2025.
- The stable inflation resulted from slower population growth and increased rental supply that eased rent hikes, plus lower travel tour costs.
- In May, shelter expenses increased by 3%, following a 3.4% rise in April, while food prices went up by 3.3%, which was 0.5 percentage points lower than the previous month’s growth.
- Core inflation metrics eased to three per cent in May, and the cost of new vehicles rose 4.9 per cent annually, partly due to higher prices of electric vehicles.
- These May inflation figures will influence the Bank of Canada’s July 30 interest rate decision, with the central bank focusing on core inflation amid tariffs.
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The Chronicle-Journal+20 Reposted by 20 other sources
Steady May inflation figures don't make the case for rate cuts: economists
OTTAWA - May inflation figures showed marginal improvements in some of the Bank of Canada's closely watched price figures — a step in the right direction, some economists say, but likely not enough to convince the central bank to cut…
TVA NouvellesReposted by 
Le Journal de Quebec
Le Journal de QuebecInflation remains stable at 1.7% in Canada in May, Quebec is a good figure.
·Montreal, Canada
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Total News Sources77
Leaning Left39Leaning Right3Center10Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 19%
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