Americas Canada annual inflation rate in March accelerates to 2.2%

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Canada’s annual inflation rate accelerated to 2.2% in March, up from a year-over-year increase of 1.1% in February, on energy prices and due to a statistical effect caused by last year’s very low index level, Statistics Canada said on Wednesday.

Analysts polled by Reuters had expected the annual rate to rise to 2.3% in March.

Our Standards: The Thomson Reuters Trust Principles.

Reuters

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