Canada, inflation rate and prices
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The Canadian Press on MSN1d
Canada’s inflation rate slows sharply to 1.7% in April as consumer carbon price endsStatistics Canada said gas prices fell 18.1 per cent year-over-year in April, thanks mostly to the end of the carbon price, but also because global oil prices fell amid declining demand and higher production from OPEC countries. Natural gas prices also fell 14.1 per cent annually in the month.
Prior to Tuesday’s Statistics Canada release, economists largely expected overall inflation to have fallen to 1.6 per cent from 2.3 per cent in March.
Canada’s inflation rate cooled in April, but with the impact of tariffs beginning to be felt, what’s ahead for interest rates? Click to read.
Canada’s inflation rate cooled to 1.7 per cent in April, helped by the removal of the consumer carbon tax and low oil prices, Statistics Canada said on Tuesday. Gasoline led the decline in consumer energy prices, falling 18.1 per cent year-over-year and ...
Canada's annual inflation rate in April fell to 1.7% from 2.3% in March as overall energy prices plunged 12.7% after the removal of a federal consumer carbon tax, Statistics Canada said on Tuesday.