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Canada's May inflation rate falls 0.4% on lower gas prices

OTTAWA, June 17 (Reuters) - Canada’s annual inflation rate in May fell 0.4% as lower transportation prices, mainly because of gas prices, outweighed higher food costs, Statistics Canada said on Wednesday.

Excluding gasoline, the CPI rose 0.7%, the smallest increase since January 2013, Statistics Canada said. (Reporting by Julie Gordon, Kelsey Johnson and in Ottawa Editing by Chizu Nomiyama)

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