Inflation remained cool last month at 1.3 per cent as stubbornly low energy prices continued to weigh down the annual rate, Statistics Canada said Friday. Read the full article at: www.ctvnews.ca
Inflation remained cool last month at 1.3 per cent as stubbornly low energy prices continued to weigh down the annual rate, Statistics Canada said Friday.
The March inflation reading followed a 1.4 per cent year-over-year increase in February and a two per cent rise in January.
The agency’s latest consumer price index said its headline inflation rate remained below the Bank of Canada’s two per cent target, largely due to a drop in prices for gasoline, natural gas and fuel oil. Prices dropped 13.6 per cent at the pump, 17.4 per cent for natural gas and 25.8 per cent for fuel oil.
