机票、房租、油价齐跌！加拿大5月通胀延续降温势头

Core Insights - The Consumer Price Index (CPI) in Canada rose by 1.7% year-on-year in May, remaining unchanged from April. Excluding energy, the CPI increased by 2.7%, a slowdown from April's 2.9% [1][4] - Month-on-month, the CPI increased by 0.6%, with a seasonally adjusted increase of 0.2% [1] Price Changes by Category - Housing prices saw a year-on-year increase of 3.0% in May, down from 3.4% in April. Rent prices rose by 4.5%, lower than April's 5.2% [3][5] - Travel prices decreased by 0.2% year-on-year in May, contrasting with a 6.7% increase in April. Airline ticket prices fell by 10.1%, with an expanded decline [3] - Gasoline prices continued to decline, down 15.5% year-on-year in May, compared to an 18.1% drop in April. However, there was a month-on-month increase of 1.9% due to rising refining profits [3] - Mobile service prices saw a reduced year-on-year decline of 5.5% in May, compared to 10.8% in April, with a month-on-month increase of 7.2% due to the end of promotional activities [3] - New car prices increased by 4.9% year-on-year in May, up from 4.6% in April [3] Market Analysis - The slowdown in rent increases and the decline in travel prices exerted downward pressure on the CPI, while the reduced declines in gasoline and mobile service prices provided upward support [4] - The increase in rental supply and a slowdown in population growth in Ontario contributed to the significant deceleration in rent price increases, affecting the national average [4] - Mortgage interest costs have seen a slowdown for the 21st consecutive month, with a year-on-year increase of 6.2% in May, down from 6.8% previously [4] - The Canadian Statistics Agency noted that U.S. tariffs and Canada's countermeasures could impact final consumer prices, but the specific effects are already embedded in the collected final prices, negating the need for special adjustments to the CPI [4]