November 02, 2024 01:15 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Indian troops begin patrolling in Ladakh's Demchok after border disengagement with China completes | Karnataka guarantee model is a model for the entire country: DK Shivakumar after Kharge's rap over Shakti scheme remark | Kamala Harris and Joe Biden ignored Hindus: Donald Trump condemns attack on minorities in Bangladesh | We will strengthen great partnership with India and 'good friend' Modi: Donald Trump | Devender Singh Rana, BJP MLA from Jammu and Kashmir's Nagrota, passes away
Canada's annual inflation rate descends to lowest level since August 2021
Canada inflation
Representative image/credit: Unsplash

Canada's annual inflation rate descends to lowest level since August 2021

| @indiablooms | 18 Apr 2023, 10:24 pm

Ottawa/IBNS: Canada's annual inflation rate fell to 4.3 percent in March, its lowest level since August 2021, Statistics Canada reported Tuesday.

Canada's inflation slowed from 5.2 percent in February, continuing along a downward trend and is expected to descend to three percent by mid-year. 

The continued slowdown of Canada's inflation rate since last summer is due to factors including higher mortgage interest costs offset by lower energy prices, lower pace of rising grocery prices, lower prices for fruits and vegetables.

According to the Bank of Canada's latest forecasts, inflation is expected to return to its two percent target by the end of 2024.

(Reporting by Asha Bajaj)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos