Bank of Canada will take note of lower inflation numbers (Canadian Press image)
2.9% In March
Canada’s inflation rate falls to 2.7% in April as price growth slows across economy
May 21, 2024 | 9:25 AM
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OTTAWA – Statistics Canada says the annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth.
That’s down from 2.9 per cent in March.
The agency’s consumer price index report says the slowdown was led by food prices, services and durable goods.
Meanwhile, higher gasoline prices moderated the deceleration.
