"Canada's inflation rate fell to 1.7% in April, primarily due to the removal of the consumer carbon tax, which has significantly influenced pricing."
"The decline in consumer prices was also affected by lower crude oil prices, contributing to an overall decrease in the inflation rate from March's 2.3%."
Canada's inflation rate eased to 1.7% in April, following the federal government's decision to eliminate the consumer carbon tax. This significant change led to lower prices across various sectors. Additionally, the drop in crude oil prices contributed to this decline, reflecting broader trends in the market. This change marks a decrease from March's inflation rate of 2.3%, indicating a shift in economic conditions and consumer pricing stability. As economic factors evolve, further insights may be expected soon.
Read at www.cbc.ca
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