Canada’s annual inflation rate rose to 2.8% in April, according to Statistics Canada. The increase was attributed to high energy prices, particularly gasoline. In March, high energy prices had already pushed the inflation rate up to 2.4%. The April rise reflects continued pressure from energy costs on overall inflation. Further updates were indicated as more information would follow.
"Canada's annual inflation rate rose to 2.8 per cent in April, Statistics Canada said on Tuesday, due to high energy prices especially gasoline. The rise comes after high energy prices drove the inflation rate to 2.4 per cent in March."
"Canada's annual inflation rate rose to 2.8 per cent in April, Statistics Canada said on Tuesday, due to high energy prices especially gasoline. The rise comes after high energy prices drove the inflation rate to 2.4 per cent in March. More to come"
Read at www.cbc.ca
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