Canadian inflation rises to 6.8%: What you need to know — via financialpost Economy Canada Inflation
Not as bad as the United Kingdom, where inflation surged to nine per cent in April, according to figures published ahead of the new Canadian numbers.
There’s some evidence that the pace of increases is slowing. The headline number was 6.7 per cent in March, which represented a startling increase from 5.7 per cent in February and 5.1 per cent in January. Math could begin to make headline inflation look better. That’s because inflation tends to be discussed as year-over-year changes in the consumer price index, which aggregates hundreds of prices of goods and services each month.
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