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.