Canadian Inflation Edges Higher in April

Consumer price inflation increased to 6.8% year-on-year (y/y) in April, up from 6.7% in March. Food prices were a main driver, with prices rising 9.7% y/y. Statistics Canada noted that “this increase, which exceeded 5% for the fifth month in a row, was the largest increase since September 1981.” Shelter also contributed significantly, up 7.4% […]

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