Annual inflation rate hits 3.4% in April, Statistics Canada says
OTTAWA — Statistics Canada says the annual pace of inflation in April rose to its highest level in nearly a decade as gasoline prices posted a record increase compared with a year ago, when they plunged due to the pandemic.The annual pace of inflation rose to 3.4 per cent in April, up from a 2.2 per cent year-over-year increase in the consumer price index in March.