Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.4% in April from 2.2% in March, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.2%. On a monthly basis, the CPI arrived at 0.5% to match March’s print.
![](https://noortrends.ae/en/wp-content/uploads/2020/09/shutterstock_661439248-660x330.jpg)