👉Canada's inflation rate cooled to 7%. Economists had been expecting the rate to come in at 7.3 per cent, after inflation rose to a 40-year high of 8.1 per cent earlier this su Instead, the rate fell by even more than expected, in large part because gasoline got much cheaper during the month. Gas prices fell by 9.6 per cent in August from where they were the previous month. That is the biggest one-month drop in gasoline prices since April 2020, when the pandemic was just beginning.✅ . . #Inflationrate #Canadainflationrate #latestinflationrate #gasolineprice #gasprice #foodpricecanada #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when it gained 8.2 per cent and up from a 6.8 per cent increase in April this year. The gain came as energy prices rose 34.8 per cent compared with a year ago with gasoline prices up 48.0 per cent compared with a year ago. Excluding gasoline, the annual inflation rate May rose to 6.3 per cent compared with 5.8 per cent in April.✅ . . #annualinflationrate #inflationrate #inflationrateincrease #gasolineprice #gasprice #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp