Canada’s annual inflation rate rose slightly last month, accelerated largely by higher gas prices, data showed Tuesday. Statistics Canada reported that the overall inflation rate in the country was 2.9 per cent year-over-year in March, up from 2.8 per cent the previous month. Governor of the Bank of Canada Tiff Macklem weighed-in on the data, saying that in his opinion, the “…measures of core inflation did tick down again, and that does suggest that underlying inflationary pressure are continuing to ease. We continue to be moving in the right direction.”
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