Canada's CPI rises 1.7 pct in May
OTTAWA, June 24 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 1.7 percent on a year-over-year basis in May, matching the same increase in April, Statistics Canada said Tuesday.
Compared with one year earlier, a smaller price increase for rent and a decline in travel tours put downward pressure on the CPI in May, said the national statistical agency.
Smaller declines for gas and cellular services put upward pressure on the index compared with the previous month, said the agency.
According to the agency, excluding energy, the CPI rose 2.7 percent in May, following a 2.9 percent increase in April.
On a monthly basis, the CPI rose 0.6 percent in May, said Statistics Canada.
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