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CP NewsAlert: Inflation steady at 1.7% in May as rent hikes cool

OTTAWA — Annual inflation held steady at 1.7 per cent in May, Statistics Canada says. Easing shelter costs, particularly thanks to slower rent growth in Ontario, helped keep a lid on price pressures last month. More coming.
Craig Lord, The Canadian Press
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A shopper pushes a shopping carts as they leave a Real Canadian Superstore in Ottawa on Tuesday, June 25, 2024. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA — Annual inflation held steady at 1.7 per cent in May, Statistics Canada says.

Easing shelter costs, particularly thanks to slower rent growth in Ontario, helped keep a lid on price pressures last month.

More coming.

Craig Lord, The Canadian Press