Canada's inflation rate up in AprilChristian Fernsby ▼ |
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 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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