CANADA'S INFLATION RATE FALLS TO 4.3% IN MARCH, FORECAST TO HIT 3% BY MID-YEAR

Apr 18, 2023

By Bob Komsic

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Inflation in Canada dropped nearly a full percentage point from 5.2% in February to 4.3% in March — it’s lowest level since August 2021.
The decline was what economists were expecting.
Food prices are also falling, as they went from 10.6% to 9.7% last month.
While fresh fruit is still 7.1% higher, it’s down from 10.% in February and veggies rose 10.8%, which is down from 13.4% the month before.
Experts warn that doesn’t mean grocery prices are coming down, but rather are just rising less quickly.
Meanwhile, the cost of carrying a mortgage rose by 26.4% in the year up to March — the largest yearly increase on record.
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