[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]Prices rose in four of the eight major components on a year-over-year basis.
Transportation prices contributed the most to the overall decline, mainly because of lower gas prices compared with May last year.Statistics Canada says that excluding gasoline, the consumer price index rose 0.7 per cent, the smallest increase since January 2013.Economists on average expected the consumer price index to remain unchanged compared with a year ago — meaning an annual inflation rate of zero..