BREAKING: Inflation slows to 3.4% in May
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The slowdown stems mostly from lower gasoline prices, which were down 18.3 per cent from this time last year. Excluding gas, the CPISign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.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.
Mortgage costs were also up, with the mortgage interest cost index rising 29.9 per cent year over year, marking the largest increase on record for the third-straight month. Mortgage costs rose 28.5 per cent in April.
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