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Canadian inflation picks up in April
By Xinhua Published: May 17, 2023 10:03 AM
A customer shops at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)

A customer shops at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)


 
People shop at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)

People shop at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)


 
People walk past a stall at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)

People walk past a stall at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)


 
A customer shops at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)

A customer shops at a farmers' market in Toronto, Canada, on May 16, 2023. Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.(Photo: Xinhua)


 
Canada's Consumer Price Index (CPI) rose 4.4 percent year over year in April, following a 4.3 percent increase in March, Statistics Canada said Tuesday.

This was the first acceleration in headline consumer inflation since June 2022, the national statistical agency said.

On a year-over-year basis, higher rent prices and mortgage interest costs contributed the most to the all-items CPI increase in April, the agency said.

According to the agency, on a monthly basis, the CPI was up 0.7 percent in April, following a 0.5 percent gain in March.

Prices for gasoline rose 6.3 percent, contributing the most to the headline month-over-month movement. Excluding gasoline, the monthly CPI rose 0.5 percent. On a seasonally adjusted monthly basis, the CPI rose 0.6 percent, Statistics Canada said.