Statistics Canada says the country’s annual inflation rate fell to 4.3 per cent last month, down from 5.2 per cent in February.
That’s the lowest it’s been since August 2021 as global price pressures ease and high interest rates weigh on the economy. The federal agency says Canadians paid more for mortgage interest last month, but that cost increase was offset by lower energy prices. Lower prices for fruits and vegetables led to a deceleration in grocery prices as well, with prices up 9.7 per cent in March, down from 10.6 per cent in February.
Inflation in Canada is expected to continue decelerating this year, with most economists forecasting the annual rate to fall to three per cent by mid-2023.
Fake Inflation is down, while real inflation is up!
What’s cheaper ? Seriously what ? Everything goes up weekly .. NTM the fool in Ottawa cranked up taxes on April fools day ..
I guess the govt is not a nanny state after all. No Hammock for the poor here.
There is always work to do Debbie Downer. Lower interest rates will be here before you know it.
I don't believe that the inflation rate is 4.3%. I call BS
Irrelevant. Gas just shot up by 0.15 and grocery still high.
How come there aren’t 1600 replies on this all condemning the boc for not investing in bitcoin or something?
Cool, the 2% raise I just got almost covers half the increase to cost of living. Yay for falling behind a little more slowly!
in a parallel universe maybe
That’s still an outrageous inflation rate.
How about food and groceries? That is still rising.
The actual should x5! Gas price used to be $1 when crude is around $85/barrel, now is $1.54 when crude is $85!!
The I flatiron weds to come down to minus 5% to be able to achieve 2% average for past 2 years. Another interest rate hike is necessary.
Any comments from Poilievre?
Remember folks, this doesn't mean prices will drop, it just means they go up a little slower than they were
Everything was still costly in Canada, even before inflation. We are over taxed and over regulated.
Thank you prime minister Trudeau