Inflation rises 2 per cent

Canada’s annual inflation rate picked up its pace in April, a month that saw stronger price pressures on gasoline in provinces that have new carbon-pricing systems.

Statistics Canada’s consumer price index increased two per cent last month, up from its reading of 1.9 per cent in March and 1.5 per cent in February.

Consumers paid more for mortgage borrowing costs, fresh vegetables and auto sales last month, while they saw lower price tags for hotels, kids’ clothing and digital equipment.

The report says the six provinces, including Ontario, where carbon levies were introduced or increased in April saw larger month-over-month rise in prices at the pump.

(@StatCan_eng)

Posted in News & Sports

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