Canada's March CPI ticks up to 2.9% as core inflation eases
OTTAWA (Reuters) - Canada's annual inflation rate ticked up to 2.9% in March, as expected, while core inflation measures eased for a third consecutive month, data showed on Tuesday, raising expectations for a mid-year rate cut. Analysts polled by Reuters had forecast inflation to accelerate to 2.9% from 2.8% in February. Month-over-month, the consumer price index rose 0.6%, the largest increase
OTTAWA (Reuters) - Canada's annual inflation rate ticked up to 2.9% in March, as expected, while core inflation measures eased for a third consecutive month, data showed on Tuesday, raising expectations for a mid-year rate cut. Analysts polled by Reuters had forecast inflation to accelerate to 2.9% from 2.8% in February. Month-over-month, the consumer price index rose 0.6%, the largest increase
