Canada's inflation rate ticks up to 2.9% as gas prices rise
The consumer price index rose 2.9 per cent on a year-over-year basis in March, up from 2.8 per cent in February, according to Statistics Canada data released on Tuesday. Analysts had expected inflation to rise between 2.9 and 3 per cent. Statistics Canada said gasoline prices mainly drove the acceleration in headline inflation , as prices at the pump rose faster in March than in February. Gasoline prices rose 4.5 per cent, compared with a year...
The consumer price index rose 2.9 per cent on a year-over-year basis in March, up from 2.8 per cent in February, according to Statistics Canada data released on Tuesday. Analysts had expected inflation to rise between 2.9 and 3 per cent. Statistics Canada said gasoline prices mainly drove the acceleration in headline inflation , as prices at the pump rose faster in March than in February. Gasoline prices rose 4.5 per cent, compared with a year...
