24-April-2024
Economy News
 
Canada's inflation hits 6.8% in April, highest since January 1991
19-May-2022

Canada's consumer prices rose 6.8 per cent year-over-year in April, a slight increase from 6.7 per cent in March, Statistics Canada said. The year-over-year increase in April was largely driven by food and shelter prices. Gas prices increased at a slower pace in April compared with March, moderating the acceleration of the all-items Consumer Price Index (CPI) in April, the national statistical office added on Wednesday. Excluding gasoline, the CPI rose 5.8 per cent year-over-year in April, after a 5.5 per cent gain in March. This was the fastest pace since the introduction of the all-items, excluding gasoline special aggregate in 1999, according to the agency.

News Source:- https://www.business-standard.com/article/international/canada-s-inflation-hits-6-8-in-april-highest-since-january-1991-122051900099_1.html