Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
A Statistics Canada sign is pictured in Ottawa on Wednesday, July 3, 2019.rose in April for the first time since it peaked in June last year.
“While the first big leg down in inflation was quick and relatively easy, this next stage is, not surprisingly, proving to be quite a bit tougher,” BMO senior economist Robert Kavcic wrote in a report. Statistics Canada said the first tick higher in the annual rate since it peaked at 8.1 per cent in June 2022 was driven by higher mortgage interest costs which were up 28.5 per cent compared with a year ago due to higher interest rates. A 6.1 per cent increase in rent prices also helped push the overall rate up.
Prices for fresh vegetables in April were up 8.8 per cent on a year-over-year basis compared with a 10.8 per cent gain in March, while coffee and tea prices increased 6.4 per cent year-over-year compared with 11.1 per cent in March.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Statistics Canada to release April reading for inflation - BNN BloombergStatistics Canada is expected to release its latest reading on inflation this morning.
اقرأ أكثر »
Statistics Canada says the annual pace of inflation rose to 4.4 per cent in AprilBREAKING Statistics Canada says the annual pace of inflation rose in April for the first time since it peaked in June last year.
اقرأ أكثر »
Statistics Canada says wholesale sales excluding petroleum down 0.1 per cent in MarchOverall, sales fell in four of the seven subsectors tracked by the agency
اقرأ أكثر »
Statistics Canada says manufacturing sales rose 0.7 per cent in MarchThe agency says motor vehicle sales gained 8.6 per cent to come in at $4.7 billion in March after a drop of 11.8 per cent in February
اقرأ أكثر »
Rents surged higher in April: ‘Virtually every area in Canada is experiencing an increase’In April, Ottawa rents climbed 15-per-cent year over year, while Edmonton saw an 11.8-per-cent climb and Montreal logged a 10.7-per-cent increase
اقرأ أكثر »
The Week Ahead: Canada inflation data; Earnings from Home Depot, Canada Goose - BNN BloombergA look at what investors will be watching in the upcoming week.
اقرأ أكثر »