Canada’s inflation rate decelerated to 4.3 per cent in March, down from 5.2 per cent the previous month and also down to the lowest level since August of 2021.
The cooling of the inflation rate was in line with what economists were expecting.
Statistics Canada reported Tuesday that food prices went up at a 9.7 per cent pace in the year up to March, and while that figure is still more than twice as high as the overall inflation rate, it is a slowdown from the 10.6 per cent pace seen the previous month.
Gasoline prices fell by 13.8 per cent in the
