OTTAWA — The first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices,…
According to Rentals.ca, average advertised rental prices in April were up 20 per cent from pandemic lows in April 2021. Average rents across Canada were up 9.6 per cent compared with April 2022.
A report by RBC Economics says shelter was the largest contributor to headline inflation in April, accounting for a third of the growth. For example, excluding mortgage interest costs, inflation rose by 3.7 per cent in April compared to the same month last year. With mortgage costs included in the consumer price index, inflation was up 4.4 per cent.
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Rent, mortgage interest helped drive inflation higher in April: Statistics CanadaThe first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday.
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Rent, mortgage interest helped drive inflation higher in April: Statistics CanadaThe first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday.
Lire la suite »
Rent, mortgage interest helped drive inflation higher in April: Statistics Canada - BNN BloombergThe first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday.
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Statistics Canada to release April reading for inflation - BNN BloombergStatistics Canada is expected to release its latest reading on inflation this morning.
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Statistics Canada says the annual pace of inflation rose to 4.4 per cent in AprilBREAKING Statistics Canada says the annual pace of inflation rose in April for the first time since it peaked in June last year.
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Statistics Canada says the annual pace of inflation rose to 4.4 per cent in AprilStatistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
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