Canada’s annual inflation rate fell to 4.3% in March

eAwazLocal News

Ottawa – The Consumer Price Index (CPI) rose 4.3% year over year in March, following a 5.2% increase in February. This was the smallest increase since August 2021 (+4.1%). On a year-over-year basis, Canadians paid more in mortgage interest costs, which was offset by a decline in energy prices. As a result of the steep monthly increase in prices in March 2022 (+1.4%), base-year effects, notably …