Oil Prices Boost Canadian Inflation in March

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Headline CPI inflation jumped up to 2.4% year-on-year (y/y) in March, slightly less than consensus expectations. Higher energy prices were a big part of the story, with inflation ex-energy up a more modest 2.2% y/y. Prices at the pump soared 21% in March – the largest increase on record. Energy prices as a whole were […]The post Oil Prices Boost Canadian Inflation in March appeared first on ActionForex.