Canada April Inflation at 3.3%


Canadian consumer prices rose 3.3% in the 12 months to April, matching the increase recorded in March. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in April.

Energy prices advanced 17.1% during the 12 months to April, following a 12.8% increase in March. Gasoline prices increased 26.4%, bringing prices at the pump to a level 5.0% below the record high of July 2008. This increase followed an 18.9% gain in the 12 months to March.

Higher year-over-year prices were also recorded for electricity (+7.0%) and fuel oil (+32.4%). Conversely, prices for natural gas fell 4.8% in the 12 months to April.

Excluding energy, the Consumer Price Index (CPI) rose 2.0% in the 12 months to April, following a 2.4% gain in March. Excluding gasoline, the CPI advanced 2.2% in the 12 months to April.


TradingEconomics.com, Statistics Canada
5/20/2011 12:42:32 PM