Canada’s inflation rate decelerated to 4.3 per cent in March, down from 5.2 per cent the previous month and in line with economist expectations.
Bank of Canada is forecasting rate to hit 3 per cent in a few months
CBC News ·
Food prices have increased at a 9.7 per cent annual pace in the year up to March. (CBC)
Canada’s inflation rate decelerated to 4.3 per cent in March, down from 5.2 per cent the previous month and in line with economist expectations.
Statistics Canada reported Tuesday that food price increases, which have been rising at their fastest pace in decades, also started to ease.
The price of food purchased from stores went up by 9.7 per cent in the year up to March. That’s down from a 10.6 per cent pace in the year up to February, and the data agency said most of the slowdown stemmed from lower prices for fresh fruit and vegetables.
More Stories
What Trudeau’s podcast appearances say about the Liberals’ next ballot box question
ANALYSIS | In videos and podcasts, Poilievre and Trudeau are eager to explain themselves — at length | CBC News
South Africa celebrates 30 years since end of apartheid, but discontent grows – National | Globalnews.ca