Inflation rate for April unchanged from previous month

The latest release of the Statistics Canada publication Consumer Price Index shows that overall inflation for the month of April was at 3.3%, the same increase recorded in March.

The main contributor to inflation in both months was the price of energy, which rose by 17.1% during April, following a 12.8% increase in March. The price of gasoline rose by 26.4% in April, after increasing by 18.9% during the month of March. All increases are on a year-over-year basis.

When energy prices are excluded from the calculation, the Consumer Price Index for April was up by 2.0% on a year-over-year basis. More details of the inflation picture for the month, by economic sector and by province can be found on the StatsCan Web site at http://www.statcan.gc.ca/daily-quotidien/110520/dq110520a-eng.htm.

 

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