“The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in May, matching the increase in April,” Statistics Canada announced on Friday. Key takeaways from the official publication All eight major components increased on a year-over-year basis in May, although five of the eight major components grew at a slower rate. Energy prices rose 11.6% year over year in May, following a 6.3% increase in April. This growth was led by the gasoline index, which rose 22.9% in the 12 months to May. The electricity index (-0.8%) posted a smaller decline on a year-over-year basis in May than in the previous month. Prices for fuel oil and other fuels were up 22.2% in the 12-month period ending in May. The all-items excluding energy index increased 1.6% on a year-over-year basis in May after a 1.9% increase in April. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: retreats to retest an important resistance break-point FX Street 3 years "The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in May, matching the increase in April," Statistics Canada announced on Friday. Key takeaways from the official publication All eight major components increased on a year-over-year basis in May, although five of the eight major components grew at a slower rate. Energy prices rose 11.6% year over year in May, following a 6.3% increase in April. This growth was led by the gasoline index, which rose 22.9% in the 12 months to May. The electricity index (-0.8%) posted a smaller decline on a year-over-year basis in May than… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
