RSS   Newsletter   Contact   Advertise with us
Post Online Media

Canada's inflation rate up in April

Share on Twitter Share on LinkedIn
Christian Fernsby |
Canada manufacturing
Canada   Excluding gasoline, the Consumer Price Index rose 2.3 percent

Canada's inflation rate edged up to 2 percent on a year-over-year basis in April from 1.9 percent in March, according to Statistics Canada.


The inflation rate picked up its pace in April for a third-straight month because of increased gasoline prices in all provinces in the country with new carbon-pricing systems after federal carbon levies were introduced.

The gasoline index decreased 1.6 percent year over year, following a 4.4 percent decline in March, while prices increased 10 percent month over month.

Excluding gasoline, the Consumer Price Index rose 2.3 percent year over year.

Canadians paid 2.9 percent more for food in April compared with the same month last year. This was down from a 3.6 percent year-over-year increase in March.


What to read next
POST Online Media Contact