Economists say higher oil and gasoline prices are expected to lift Canada’s inflation reading for May. Multiple outlets report that the increase is anticipated ahead of Statistics Canada’s release of the Consumer Price Index (CPI) for May on Monday. The coverage points to elevated fuel costs—particularly at the gas pump—as a key factor that can directly raise the cost of living and potentially spill over into other categories of prices. While the expectation is for inflation to be higher overall, the reports emphasize that the outcome will depend on the specifics within the CPI data. Economists are looking for signs of whether energy-driven price increases are confined to fuel and related items or whether they broaden to other goods and services, which would suggest more persistent inflation pressures. The reporting aligns on the timing (Monday’s CPI release) and on energy prices—especially oil and gasoline—as the main driver behind the forecast.