Inflation rate 1.6% for second month in a row amid higher energy prices, lower food costs

0
152

OTTAWA – The country’s annual inflation rate once again rang in at 1.6 per cent last month as higher energy costs offset a seventh consecutive monthly decline in grocery prices.

Statistics Canada’s latest consumer price index says higher prices for gasoline and natural gas were the biggest upward inflation drivers in April, year-over-year.

Read the full article...