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Canada's inflation in March surprisingly slows to 2.3%, core measures elevated

  • Canada's inflation slowed to 2.3% in March, a drop from 2.6% in February, according to Stats Canada.
  • The decline was largely due to lower gasoline prices, with consumers paying 1.6% less at the pump in March compared to the previous year.
  • Core inflation measures remained elevated, with CPI-median at 2.9% and CPI-trim at 2.8% in March, as reported by Statistics Canada.
  • Food prices increased by 3.2%, and alcoholic beverage prices rose 2.4% on an annual basis, according to Stats Canada.
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National Observer broke the news in Canada on Tuesday, April 15, 2025.
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