Business

Inflation ticked up to 2.9% in May

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Inflation edged up to 2.9 per cent in May from 2.7 per cent the previous month, Statistics Canada said on Tuesday.

Increase was mostly due to higher prices for services

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(CBC)

Inflation edged up to 2.9 per cent in May from 2.7 per cent the previous month, Statistics Canada said on Tuesday.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is a senior writer with the business content unit at CBC News. She has also covered entertainment and education stories. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.

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