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May 19, 2026
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Inflation rises to 2.8% in April thanks to higher gas prices: StatCan - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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ML v2 (DistilBERT)
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Ensemble
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Article Excerpt
Inflation in Canada edged up to 2.8% year-over-year in April, according to data released by Statistics Canada on Tuesday. The rise was largely driven by higher prices for gasoline, which surged 17.3% from the previous month.
Statistics Canada noted that while overall inflation remains modest compared to earlier years, it has been gradually increasing since last summer. This trend is consistent with the Bank of Canada's expectations and its ongoing efforts to manage inflation through monetary policy measures.
The increase in gas prices contributed significantly to the overall inflation rate. …
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