10-June-2026
Economy News
 
Canada's Inflation Rate Accelerates to 2.8% as Iran War Pushes up Gasoline Prices
20-May-2026

Canada's annual inflation rate accelerated to 2.8% in April from 2.4% in March, driven largely by a surge in gasoline prices after the Iran war pushed global crude oil prices sharply higher, data showed on Tuesday. This marks the first time in almost two years that the annual consumer price index reading hit 2.8% underscoring how the war in Iran, that started on February 28, was quickly trickling down through the economy.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-19/canadas-april-inflation-surges-2-8-as-iran-war-drives-gasoline-costs-up
 
 
 

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