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Inflation Drops to 3.4%

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. 

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