Cost of living increases

Canada’s annual inflation rose last month as price pressures strengthened for fresh vegetables, mortgage interest costs and auto insurance.

Statistics Canada’s consumer price index in March increased 1.9 per cent compared with a year ago, up from its reading of 1.5 per cent for February and 1.4 per cent in January.

Compared with a year earlier, Canadians paid 15.7 per cent more in March for fresh vegetables, 8.1 per cent more on mortgage borrowing costs and 5.6 per cent more for car insurance.

Year-over-year gasoline prices fell 4.4 per cent last month, internet costs dropped 9.2 per cent and travel tours moved down 6.4 per cent.

 

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