OTTAWA — High oil and gasoline prices are expected to push inflation higher when Statistics Canada reports its consumer price index for May on Monday.
But the devil will be in the details as economists look for any signs that the cost at the gas pump is causing inflation to heat up elsewhere in the economy.
TD Bank senior economist Andrew Hencic says gasoline prices rose in May, so that will push inflation higher for the month, but oil prices have since come off their highs in recent days.
The price of oil fell after the U.S. and Iran struck a memorandum of understanding to bring the war to
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