US EditionCanada's inflation in March surprisingly slows to 2.3%, core measures elevated
- Canada's inflation slowed to 2.3% in March, a drop from 2.6% in February, according to Stats Canada.
- The decline was largely due to lower gasoline prices, with consumers paying 1.6% less at the pump in March compared to the previous year.
- Core inflation measures remained elevated, with CPI-median at 2.9% and CPI-trim at 2.8% in March, as reported by Statistics Canada.
- Food prices increased by 3.2%, and alcoholic beverage prices rose 2.4% on an annual basis, according to Stats Canada.
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63 Articles
Canada sees surprise inflation dip as uncertainty grows
Read: 2 minInflation in Canada fell to 2.3 per cent in March, Statistics Canada said Tuesday, surprising analysts as the country’s economic outlook remained clouded by U.S. tariffs.Most economists expected average prices to rise slightly or remain unchanged from February, when they rose 2.6 per cent after hovering below 2.0 per cent the previous six months.“Some volatile categories were at play, with travel tours plummeting by 8 per cent after a…
On an annual basis, price growth slowed in eight Canadian provinces, including Quebec, in March compared to February.
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Inflation in Canada cools to 2.3 per cent in March
A substantial drop in gasoline prices was behind a drop in inflation last month.Stats Canada's Consumer Price Index report for March was released on Tuesday morning, and it showed that inflation fell to 2.3 per cent compared to March 2024.The rate in February was 2.6 per cent.The biggest change nationwide was the drop in gasoline prices, helped by assorted factors."Year over year, consumers paid 1.6 per cent less at the pump in March following a…
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