Economics
Canadian Inflation Picks Up in March on Surging Gasoline Prices
Gas prices jumped 12 percent in Canada, their biggest one-month gain since 2007.
Photographer: Ben Nelms/Bloomberg
This article is for subscribers only.
Canadian annual inflation accelerated in March on the biggest one-month increase in gasoline costs in a decade, bringing price pressures back up near the Bank of Canada’s target.
Annual consumer price inflation rose to 1.9 percent from 1.5 percent in February, Statistics Canada said Friday from Ottawa. The number was in line with analyst expectations. Core measures -- seen as a better gauge of underlying prices -- also ticked up to 1.97 percent, from 1.9 percent, and came in much stronger than the 1.8 percent anticipated by economists.