Canada: Annual CPI declines to 4.3% in March

Inflation in Canada, as measured by the Consumer Price Index (CPI), decreased to 4.3% on an annual basis in March from 5.2% in February, Statistics Canada announced on Tuesday. This reading came in line with the market forecast. On a monthly basis, the CPI grew by 0.5% as projected.

Additionally, the Bank of Canada’s Core CPI, which excludes volatile food and energy costs, dipped to 4.3% on an annual basis from 4.7% in February, compared to experts’ estimate of 4.2%.