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By Robb M. Stewart OTTAWA--Canada's annual inflation rate declined to its slowest pace in three years last month as cooling food-price growth more than made up for higher costs at the pump. ... -May 21, 2024 at 08:53 am EDT - MarketScreener
One of the biggest contributors to the drop was grocery inflation. Groceries were 1.4 per cent higher than they were a year ago.
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Canada's consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by a decline in the growth of food prices, Statistics Canada said Tuesday.
OTTAWA - Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based slowdown in price growth, boosting expectations of an interest rate cut next month.