Inflation
Inflation cools in May
Jun 28, 2023 | 4:11 PM
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
PRINCE GEORGE- The month of May was a good one for the economy and inflation.
The National Inflation rate dropped last month to its lowest level in two years. As of May 2023, the Inflation rate was down a full percentage point to 3.4 per cent.
The fall comes after several interest rate hikes as the Bank of Canada attempted to cool down the economy in the wake of the COVID-19 pandemic.
