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BREAKING: CANADA CPI INFLATION DECLINES TO 2.7% IN APRIL AS EXPECTED

guntur360
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Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), declined to 2.7% on a yearly basis in April from 2.9% in March, Statistics Canada reported on Tuesday. This reading came in line with the market expectation.

On a monthly basis, the core CPI, which excludes volatile food and energy prices, remained unchanged while the CPI rose 0.5%. Meanwhile, the Bank of Canada's core Consumer Price Index increased 1.6% on a yearly basis, down from the 2% growth recorded in March


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