StatCan to release April inflation report, oil shock expected to drive prices higher
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Article Excerpt
StatCan is set to release its April inflation report in the coming days, and analysts predict that the recent oil price shock will have a significant impact on the numbers.
The report is closely watched by economists and policymakers alike as it provides insights into the current state of the Canadian economy. The latest oil price spike has raised concerns about its potential effects on consumer prices and overall inflation rates.
According to preliminary data, the supply chain disruptions and geopolitical tensions in the Middle East have contributed to a sharp increase in crude oil prices. …
Read full article at Winnipeg Free Press ↗
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