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Canada: Annual CPI jumps to 3.4% in April

Adel 19 May, 2021 5:01 pm Economic Report, Market Update

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.

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