Canada’s Annual Inflation Rate Rose to 2.9 Percent in May, Driven by Services Prices

Canada’s Annual Inflation Rate Rose to 2.9 Percent in May, Driven by Services Prices
Statistics Canada signage is seen in Ottawa on March 8, 2019. The Canadian Press/Justin Tang
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Canada’s annual inflation rate rose to 2.9 percent in May, largely driven by higher prices for services, Statistics Canada reported on June 25.

The agency reported prices for services rose 4.6 percent from a year ago. Prices for goods rose one percent.