{"id":35845,"date":"2023-06-27T12:32:29","date_gmt":"2023-06-27T12:32:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/06\/27\/canada-inflation-slows-to-3-4-in-may\/"},"modified":"2023-06-27T12:32:29","modified_gmt":"2023-06-27T12:32:29","slug":"canada-inflation-slows-to-3-4-in-may","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/06\/27\/canada-inflation-slows-to-3-4-in-may\/","title":{"rendered":"Canada inflation slows to 3.4% in May"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> News <\/li>\n<li class=\"breadcrumbs__item\"> Economy <\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\"> Inflation cooled significantly on lower gas prices <\/p>\n<div class=\"article-meta\">\n<p> <span class=\"published-date__since\">Published Jun 27, 2023<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 8\u00a0hours ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span> <\/p>\n<\/p><\/div><\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">A person shops for produce at a market in Vancouver.<\/span> <span class=\"credit\">Photo by Darryl Dyck\/The Canadian Press<\/span> <\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">After a brief uptick in April, inflation slowed in May due to lower gasoline prices and base-year effects, easing pressure on the Bank of Canada as it attempts to bring price growth back to its two-per-cent target.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment506248856991834404588574761549824\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment506248856991834404588574761549824\">Advertisement 2<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> 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fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/13.8.2\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"\/><\/p>\n<div class=\"intro-body__premium hidden\">\n<h2>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/h2>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__register 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Excluding gasoline prices, the CPI increased 4.4 per cent, following a 4.9 increase in April.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot6 article-content__widget-group--newsletter-slot\">\n<section aria-labelledby=\"FinancialPostTopStories266147807345121746924596713488384\" class=\"newsletter-widget fp-headlinenews background--primary-light-gradient\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Financial Post Top Stories Banner\" class=\"newsletter-widget__banner\" height=\"60\" loading=\"lazy\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg?ssl=1\" width=\"97\"\/><\/p>\n<div class=\"newsletter-widget__body\">\n<h2 class=\"newsletter-widget__title\" id=\"FinancialPostTopStories266147807345121746924596713488384\">Financial Post Top Stories<\/h2>\n<p class=\"newsletter-widget__text\">Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n<div class=\"js-replace-main\">  <small class=\"newsletter-widget__disclaimer text-size--micro\"> By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<h3 class=\"newsletter__feedback--heading\">Thanks for signing up!<\/h3>\n<p class=\"newsletter-widget__text\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text newsletter__feedback--last\">The next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n<p class=\"newsletter-widget__text js-submit-error\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\"> We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>On a monthly basis, the\u00a0CPI rose 0.4 per cent in May, following a 0.7 per cent gain in April.\u00a0Seasonally adjusted, prices increased 0.1 per cent last month.<\/p>\n<p>\u201cThe largest contributors to the month-over-month increase were mortgage interest costs and travel services, which includes traveller accommodation and travel tours,\u201d the agency said.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"May inflation chart\" class=\"embedded-image__image lazyload\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=288&sig=YAUTL1g1PR3HV8_I2rTFDA,\n                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-may-2023.png?quality=90&strip=all&w=576&sig=adNl_E_xt9ybj9NQKkz8LA 2x\" height=\"784\" loading=\"lazy\" width=\"1000\"\/><\/picture><\/figure>\n<p>Base-year impacts also played a role because there was a steep run-up in prices in the first half of 2022, which was pushed by Russia\u2019s invasion of Ukraine. In May 2022, the CPI increased 7.7 per cent from the previous year and inflation peaked in June 2022 at 8.1 per cent.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment3442212286152201646095000794038272\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment3442212286152201646095000794038272\">Advertisement 3<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>A base-year effect refers to the impact on price growth in a given month compared to price movements from 12 months earlier. The current month\u2019s headline inflation number experiences a downward effect when the base month had a large upward price change, Statistics Canada said.<\/p>\n<p data-async=\"\">This month\u2019s inflation report was \u201cpivotal\u201d for the Bank of Canada, said Jules Boudreau, senior economist at Mackenzie Investments.<\/p>\n<p>\u201cIt is very possible in my sense that the bank holds in July,\u201d he said. \u201cRates are pretty restrictive now and \u2026 the last rate hike that we had in June will have a big effect in our view.\u201d<\/p>\n<p data-async=\"\">The central bank hiked interest rates at the fastest pace on record to try to bring high inflation back within its target zone of one to three per cent. In its April Monetary Policy Report, the Bank of Canada said it expects inflation to be around three per cent this summer, but that it will take until the end of 2024 before it returns to two per cent.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment8723277957754173012697922788130816\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment8723277957754173012697922788130816\">Advertisement 4<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">In May, grocery prices rose nine per cent over the year, nearly unchanged from April\u2019s reading of 9.1 per cent, and more than double the headline rate. Restaurant food prices jumped 6.8 per cent, from 6.4 per cent in April, due to ongoing labour shortages, rising input costs and expenses.<\/p>\n<p>The prices of some products and services declined. Consumers paid 8.2 per cent less than a year ago for cellular services in May due to lower-priced cellular data plans. It\u2019s the largest year-over-year decline since April 2022. And furniture prices fell 2.9 per cent, the largest amount since June 2020, because supply chains are loosening.<\/p>\n<p>On a monthly basis, the mortgage interest cost index ticked up 1.8 per cent while traveller accommodation rose 15.6 per cent. But the yearly mortgage interest cost index increased to 29.9 per cent, the third consecutive month the index has risen to a new record high as Canadians continue to initiate and renew mortgages at higher interest rates.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment948351946518906040999401700196352\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment948351946518906040999401700196352\">Advertisement 5<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"mortgage costs\" class=\"embedded-image__image lazyload\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=288&sig=cr7VgsMcc9AbKCA-_4dIRQ,\n                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/mortgage-interest-costs.jpeg?quality=90&strip=all&w=576&sig=_PFllT6u2YW7RYfZ2PWS2Q 2x\" height=\"831\" loading=\"lazy\" width=\"1000\"\/><\/picture><\/figure>\n<p>That may catch the attention of the Bank of Canada, which will also have April gross domestic product data and the central bank\u2019s Business Outlook Survey on hand when it heads into its next policy meeting on July 12.<\/p>\n<p>Governor Tiff Macklem resumed hiking interest rates at the beginning of June because Governing Council determined interest rates weren\u2019t restrictive enough to bring supply and demand back in balance. The Bank of Canada raised interest rates on June 7 by 25 basis points, bringing the overnight policy rate to 4.75 per cent.<\/p>\n<p>The central bank\u2019s preferred inflation measures, CPI-trim and CPI-median, proved stickier than the headline and were up 3.8 per cent and 3.9 per cent, respectively, but slowed from the previous month when both metrics topped four per cent.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment1297903807191913456564420080566272\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1297903807191913456564420080566272\">Advertisement 6<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Statistics Canada completed its regular reweighting of basket sizes for the May print, which could have caused core inflation to come in higher than expected, said Stephen Brown, deputy chief North America economist at Capital Economics, said.<\/p>\n<section aria-labelledby=\"moreTopicLabel7665267442157194755167595909873664\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\"> <button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/> <\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The No. 1 barrier businesses say they face when recruiting new workers is the \" an=\"\" candidates=\"\" class=\"lazyload\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww&ssl=1\" height=\"96\" indeed=\"\" loading=\"lazy\" of=\"\" poor=\"\" quality=\"\" said.=\"\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=96&strip=all&quality=80&sig=n2Z_XHZI0grGZqujTSa7ww,\n                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=192&strip=all&quality=80&sig=uOv6zRU8iHWhbT_8fH93Sw 2x,\n                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/hiring-vw0621.jpg?h=288&strip=all&quality=80&sig=v5ppc3OhHdPMq68B1tqc3Q 3x\" survey=\"\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Poor quality of job seekers top contributor to broken hiring <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Retail sales are on the rise after two months of declines, suggesting Canadians' spending power remains resilient.\" class=\"lazyload\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA&ssl=1\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=96&strip=all&quality=80&sig=FzkhlxKtaQEoKtFjw_tIOA,\n                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=192&strip=all&quality=80&sig=4w42BKr0oGxCsOGj9Uxg7Q 2x,\n                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/retail-sales-0621-ph.jpg?h=288&strip=all&quality=80&sig=HWCkJn5iKuwfQufA1YJu-Q 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Rising retail sales strengthen case for July Bank of Canada hike <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Canada needs to get back to where people expect prices to be stable again, said David Dodge. \n\" class=\"lazyload\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw&ssl=1\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=96&strip=all&quality=80&sig=EHKxANpjXKVIhoNYRrMZOw,\n                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=192&strip=all&quality=80&sig=tOXVq1V08RjYVi1c7hAzrw 2x,\n                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/inflation-0615-ph.jpg?h=288&strip=all&quality=80&sig=APSNnDhUeuW4GQyUlXYB_w 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Bank of Canada has 18 months to rein in inflation <\/span> <\/h3>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/> <\/section>\n<p>\u201cWith the labour market also loosening in May, the case for another rate hike in July is not quite as strong as it seemed a few weeks ago,\u201d he said in a note to clients. \u201cNonetheless, with even the one-month annualized CPI-trim and CPI-median inflation rates still above two per cent, and the housing market heating up, we still judge that another hike is more likely than not.\u201d<\/p>\n<p data-async=\"\"><em>\u2022 Email:\u00a0bbharti@postmedia.com\u00a0| Twitter:\u00a0<a class=\"twitter-follow-button\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" link=\"\" href=\"https:\/\/twitter.com\/biancabharti\" rel=\"nofollow noopener\" target=\"_blank\">biancabharti<\/a><\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt=\"beforeunload\" data-evt-typ=\"page_scroll\" data-evt-val=\"{\" control_fields=\"\">\n<h2 class=\"visually-hidden\">Share this article in your social network<\/h2>\n<\/section>\n<div aria-label=\"Article Comments\" class=\"article-content__widget-group article-comment\">\n<section class=\"comments__section\" data-aqa=\"viafoura-comments\" id=\"comments\">\n<h3 class=\"widget-title comments-anchor\" id=\"comments-area\">Comments<\/h3>\n<p class=\"comments__section-disclaimer\"> Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications\u2014you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings. <\/p>\n<details class=\"expansion-panel comments__section__list\">\n<summary class=\"expansion-panel__summary\">\n<h4 class=\"expansion-panel__summary-label\"> <span aria-hidden=\"true\" class=\"article-card__comment-icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" height=\"16\" viewbox=\"0 0 20 20\" width=\"16\"><path d=\"M19.99 2C19.99 0.9 19.1 0 18 0H2C0.9 0 0 0.9 0 2V14C0 15.1 0.9 16 2 16H16L20 20L19.99 2Z\" fill=\"#555555\"\/><\/svg><\/span> <span>Join the Conversation<\/span> <\/h4>\n<\/summary>\n<\/details>\n<\/section>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/>Canada inflation slows to 3.4% in May<\/a><br \/>\n<br \/>2023-06-27 12:32:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Inflation cooled significantly on lower gas prices Published Jun 27, 2023 \u00a0\u2022\u00a0 Last updated 8\u00a0hours ago \u00a0\u2022\u00a0 4 minute read A person shops for produce&#8230;<\/p>\n","protected":false},"author":2,"featured_media":35846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/06\/canada-inflation-vw0627.jpg?quality=90&strip=all&w=288&h=216&sig=GzZpnUHQMEdohnFKbOdVgg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-35845","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/35845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=35845"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/35845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/35846"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=35845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=35845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=35845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}