
Canada's inflation rate is now at the lowest point since June 2021
Statistics Canada is reporting a drop in inflation.
The agency says the rate fell from 4.4 percent in April to 3.4 percent last month.
This is due in large part to a drop in the price of gas.
However, the report also shows grocery prices were nine percent higher than a year ago.
Experts predict inflation will be around three percent this summer.