Rewrite this financial news report into a clean, professional blog post. Keep the core facts about the US-Iran MOU and Switzerland meeting postponement. If there are currency data tables or heat maps, summarize their main takeaway cleanly in text and remove the raw table code. Keep all basic paragraph HTML formatting:
Headline CPI inflation jumped up to 3.2% year-on-year (y/y) in May up from 2.8% in April, above consensus expectations. Higher prices at the pump were the main culprit, with inflation ex-gasoline up a more modest 2.2% y/y. Prices at the pump were up 33.2% y/y in May reaching their highest levels since June 2022. Food […]
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Rewrite this title in other words as a single, clean headline. Output ONLY the rewritten text with no options, introduction, or commentary: Canadian Inflation Likely Peaked in May
