Gasoline, shelter costs drive inflation up a smidge to 2.9%

Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase. The federal agency’s consumer price index for March 2024 saw a 2.9 per cent increase compared to the year before. In February, that measure was at 2.8 per cent, so while March saw an … Read more

Gasoline prices help drive inflation up to 3.4%

Canada’s annual inflation rate jumped to 3.4 per cent in December, according to data released by Statistics Canada on Tuesday. That’s after both October and November saw inflation hold steady at 3.1 per cent compared to the previous year. StatsCan said that the price of gasoline, air travel, passenger vehicles and rent drove the figure higher in December. Food … Read more