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 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 ...
The Canadian Press on MSN1d
Grocery price increases outpace overall inflation for third straight month: StatCanDespite the annual pace of inflation cooling last month, Statistics Canada says shoppers continue to see the cost of groceries rise at a faster rate.
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.