FLCA - Canada Consumer Price Index rose 4.4% Y/Y in April

2023-05-16 08:36:33 ET

The CPI rose 4.4% Y/Y in April, following a 4.3% increase in March.

This was the first acceleration in headline consumer inflation since June 2022.

On a year-over-year basis, higher rent prices and mortgage interest costs contributed the most to the all-items CPI increase in April 2023.

On a monthly basis, the CPI was up 0.7% in April, following a 0.5% gain in March. Prices for gasoline (+6.3%) contributed the most to the headline month-over-month movement.

Excluding gasoline, the monthly CPI rose 0.5%. On a seasonally adjusted monthly basis, the CPI rose 0.6%.

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