Canada's Inflation Rate Eases to 2. 8% in June, but Underlying Pressures Remain The latest data from Statistics Canada shows that the country's inflation rate has eased to 2. 8% in June, thanks to lower gas prices.
However, this reprieve is largely due to a temporary dip in oil prices following diplomatic talks between the US and Iran, which have since faltered.
A significant contributor to this modest decrease in inflation is the 10. 2% drop in gas prices month over month.