Up 0.6% mth/mth (Il Sole 24 Ore Radiocor) - Ottawa, 25 Jun - The Canadian consumer price index (CPI) rose 2.9% on a year-over-year basis in May, up from a 2.7% gain in April, according to Statistics Canada.

Acceleration in the headline CPI was largely due to higher prices for services, which rose 4.6% in May following a 4.2% increase in April.

On a monthly basis, the CPI rose 0.6% in May, largely stemming from an increase in travel tours. On a seasonally adjusted monthly basis, the CPI rose 0.3% in May.

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(RADIOCOR) 25-06-24 14:43:53 (0458) 5 NNNN