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Gas Drop Cools June Inflation | Toronto News
Gas prices cooled sharply in June, dragging down overall inflation as the CPI rose just 2.8%—slower than May’s 3.2%. With fuel prices down 10.2% month-over-month, the biggest drop since April 2025, core inflation (excluding gas) hit a flat line for the first time in months. Food inflation slowed to 3.9% year-over-year, still outpacing the broader CPI for the 17th straight month. Meanwhile, travel costs surged—hotels in World Cup cities like Toronto and Vancouver jumped over 10% year-over-year, car rentals and tours climbed, and airfare rose 9.6%. Listen in comfort:Get a discount on a Soli…
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