Canada's Annual Inflation Unchanged at 1.7% in May, Core Measures Slightly Ease

Canada's annual inflation rate in May was unchanged from the previous month at 1.7% as drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and transportation also cooled, data showed on Tuesday.

There are concerns that a raft of tariffs imposed on steel, aluminum and automobiles exported to the U.S. from Canada and subsequent counter-measures from Canada would increase prices across the board.

Those fears have not been reflected in the headline consumer price index as a tax removal on gasoline prices from April is expected keep the cost at the pump down for a year...

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