Canadian inflation 'going nowhere fast'

<br><br>OTTAWA -- Consumer prices in May were up 1.4% from a year earlier, mainly on higher energy prices, Statistics Canada said Tuesday. “Overall, energy prices rose 6.2% between May 2009 and May 2010, following a 9.8% increase during the 12-month period to April,” the federal agency said. The core inflation rate, which strips out volatile items such as energy and certain foods, advanced at an annual rate of 1.8%. <br><br>