Various vegetables are on display for sale at the Jean Talon Market in Montreal on January 11, 2016. The country's annual inflation rate slowed to an unexpectedly weak 1.6 per cent last month as the continued decline in food prices played a big role in offsetting the higher cost of gasoline. The latest reading from Statistics Canada shows the pace of inflation decelerated from February's year-over-year reading of two per cent, which was right on the Bank of Canada's ideal target. THE CANADIAN PRESS/Paul Chiasson
April 21, 2017 - 5:41 AM
OTTAWA - Canada's national annual inflation rate was 1.6 per cent in March, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):
— St. John's, N.L.: 4.0 per cent (4.2)
— Charlottetown-Summerside: 1.5 (1.3)
— Halifax: 1.3 (1.5)
— Saint John, N.B.: 2.8 (2.9)
— Quebec: 1.0 (1.2)
— Montreal: 1.0 (1.0)
— Ottawa: 1.6 (2.0)
— Toronto: 2.1 (2.4)
— Thunder Bay, Ont.: 1.5 (1.8)
— Winnipeg: 1.6 (2.3)
— Regina: 0.6 (1.6)
— Saskatoon: 0.6 (1.4)
— Edmonton: 1.5 (2.5)
— Calgary: 1.3 (2.1)
— Vancouver: 1.7 (2.2)
— Victoria: 2.2 (2.4)
News from © The Canadian Press, 2017