Global News
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May 19, 2026
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Higher gas prices pushed inflation up to 2.8% in April, says StatCan
Original article ↗B.I.A.S. ANALYSIS
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Article Excerpt
Higher gas prices were a key driver behind Canada's consumer price index (CPI) jumping to 2.8% year-over-year in April, according to data released by Statistics Canada on Tuesday.
The latest inflation figures reflect the ongoing impact of global oil and gasoline markets on Canadian living costs. Gasoline prices alone contributed significantly to the overall increase, rising by an average of 41 cents per litre over the past month.
"The strong performance of gas prices in April was a major contributor to the overall CPI increase," explained StatCan's chief economist. "This rise in fuel prices …
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