Soaring gasoline prices driving up the rate of inflation - CTV News
Original article ↗B.I.A.S. ANALYSIS
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Heuristic (v1/v3)
0.00 · RIGHT
ML v2 (DistilBERT)
0.285 · RIGHT
Ensemble
0.142 · CENTER
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Article Excerpt
Soaring gasoline prices are driving up the rate of inflation in Canada, according to a new report from Statistics Canada.
The report shows that gasoline prices have increased by 24.6% since last year, contributing significantly to the overall increase in consumer price index (CPI) for March.
"This increase in gasoline prices is having a ripple effect on other sectors," said Catherine Swift, senior analyst at Statistics Canada. "As consumers spend more on gas, they have less disposable income to spend on other goods and services."
The report notes that while gasoline prices are a key driver …
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Jun 3, 2026