Although falling gas prices in April helped to lower Canada’s headline inflation rate below 2%, this masked an acceleration in underlying inflation pressure evident in the core inflation rate.
Headline inflation falls back sharply on lower gas prices
Despite drop in the consumer price index in April, a surprising jump in core inflation dashes hopes for an interest rate cut next month
By Carl Gomez
CoStar Analytics
May 22, 2025 | 2:31 P.M.
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