Home / Market Update / Forex Market / Canada: Annual CPI rises to 6.8% in April

Canada: Annual CPI rises to 6.8% in April

The pace of annual inflation in Canada according to the Consumer Price Index (CPI) rose to 6.8% in April, data released by Statistics Canada on Wednesday showed. That was slightly above expectations for a YoY rate of CPI to come in unchanged from March at 6.7% in April. MoM, prices rose at a pace of 0.6% according to the CPI, above the expected rise of 0.5% and down from last month’s 1.4% gain.

Check Also

Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand

Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. …