Inflation rate rises
Posted May 18, 2012 08:50:22 AM.
This article is more than 5 years old.
If you feel like your wallet took a bit of a hit last month, you’re not wrong. We did pay more for things.
Statistics Canada says the nation’s inflation rate edged up one-tenth of a point to two per cent in April as the cost of most things rose, but moderately.
The big surprise was that energy costs, for the first time since October 2009, rose at a lower rate than the overall index with a tiny 1.1 per cent increase from last year.
The agency says prices rose year-over-year in all eight of the major groups it tracks, led by transportation, which increased by 3.4 per cent, and food, which cost 2.5 per cent more.
On a monthly tracking, consumer prices rose 0.4 per cent in April from March as the cost of gas increased by 3.2 per cent.
