Canadian Inflation Hotter than Expected at 6.7% in March

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Canadian Inflation Hotter than Expected at 6.7% in March

Consumer price inflation accelerated to 6.7% year-on-year (y/y) in March, up from 5.7% in February. That was well above the consensus forecast for 6.1% and the highest rate since 1991. Energy price growth accelerated to 27.8% (from 24.1% in February), as gasoline price growth hit 39.8% year-on-year (up from 32.3% in February). Food price inflation […]

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