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Gas Prices Cool Inflation in June | Toronto News
Canada’s inflation cooled to 2.8% in June, largely thanks to a major drop in gas prices — the biggest monthly fall since December last year. That plunge followed a spike in May driven by U.S.-Iran tensions, which pushed oil prices up. With diplomatic progress easing those tensions, gas prices fell 10.2% from May to June. Interestingly, without gas, inflation stayed steady — proving how much energy costs can sway the big picture. While this is a welcome relief, global events still loom large, and oil markets remain a key watch for future inflation shifts. Listen in comfort:Get a discount on a…
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