The CPI in Canada recorded a growth of about 6.7% in March on an annual basis, according to the figures released a few moments ago, compared to 5.7% in the February reading, to come better than expectations that indicated a decline to 4.9%, recording the largest annual increase since January 1991.
In contrast, the CPI rose The main index, excluding gasoline prices, rose to 5.5% on an annual basis from 4.8%, better than expectations that it would rise to 5%, at the fastest pace of growth since 1999.
On a monthly basis, the index rose by 1.4% in March after a growth of about 1% in February, to come in better than the market expectations, which indicated a decline of 0.5%
The annual inflation growth in December was supported by the increase in gasoline prices by about 11.4% on a monthly basis from 6.9% in February, as well as the prices of durable goods by 7.3% and the increase in the prices of passenger cars by 7%.
The Canadian dollar is trading at 1.2530 levels, rising against the US dollar.
02/11/2024
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