Inflation hits 3.2% in May as groceries, gas soar

Canada's annual inflation rate rose to 3.2% in May, up from 2.8% in April, according to Statistics Canada — and Toronto residents say their paycheques aren't keeping up with the rising costs.

Gasoline prices surged 33.2% compared to last year, while travel and fresh fruits saw significant increases. Fresh berries and grapes jumped 5.3%, marking the largest monthly May increase since 2008. Tomatoes are now 45.2% more expensive than a year ago.

"You see it with everything, mostly on quick purchases like fast food," Toronto resident Christian R. said. "You look at your credit card statement at the end of the month, and you can see the impact."

Groceries and gas dominate household budgets. "Groceries are insanely high, it's like a big portion of my bill every month. Gas is a huge expense that's also been increasing significantly, and yeah, it just makes my monthly budget extremely tight and difficult," Toronto resident Alexia D. said. Due to rising gas prices, she's opted to work from home as much as possible.

While some residents have adapted — one driver switched to an electric vehicle with workplace charging — the broader reality is that for most Torontonians, even small purchases now feel like a luxury.