Inflation Rate Drops to 2.7% In April

by Bobby NockMay 21, 2024

Statistics Canada says Canada’s inflation rate was 2.7% in April.

That’s down from 2.9 percent in March.

The federal agency says the drop was moderated by gasoline prices that rose at a faster pace in April than March.

It says excluding gasoline, the all-items Consumer Price Index slowed to a 2.5% year-over-year increase in April.

That’s down from a 2.8% gain in March.

Nova Scotia’s inflation rate in April was 3.1 percent.

Bobby Nock

Bobby grew up in Whycocomagh before moving to Halifax to attend university where he earned a Bachelor of Arts and a Bachelor of Journalism degree. After university, Bobby moved back to Cape Breton where he began working as a freelance journalist and has done work for both print media and as a broadcast journalist. As the News Director, Bobby Nock will get your day started by bringing you information that helps connect you to the community with all the latest in local news.

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