Inflation continues to rise in Quebec and Canada
The consumer price index (CPI) rose in April in Canada with an increase of 6.8% compared to compared to April 2021, reports Statistics Canada.
This increase in the CPI is mainly attributable to food and housing prices, indicates the federal agency. This is a slight jump compared to March (+6.7%). Excluding gasoline, however, inflation reached 5.8% in April compared to the same period last year.
“Russia’s invasion of Ukraine in late February continued to influence energy, commodity and, especially, food prices,” mentions Statistics Canada.
More details to come.