Canada’s inflation rate rose to 2.4% in March, with gasoline prices up a record 21.2% month over month
Statistics Canada said Canada’s annual inflation rate climbed to 2.4% in March, while monthly prices rose 0.9%. Consistent sources point to higher oil and fuel costs triggered by the Iran war as the main driver, with gasoline prices jumping 21.2% from the previous month to a record level; food inflation was also mentioned in the summary, but no specific figures were provided in the available sources.