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Canada's inflation rate up in April

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Christian Fernsby ▼ | May 16, 2019
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.
Canada manufacturing
Canada   Excluding gasoline, the Consumer Price Index rose 2.3 percent
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.


 

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