{"id":401760,"date":"2026-04-20T13:55:07","date_gmt":"2026-04-20T13:55:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/401760\/"},"modified":"2026-04-20T13:55:07","modified_gmt":"2026-04-20T13:55:07","slug":"canadas-annual-inflation-rate-rose-to-2-4-in-march-driven-by-high-gas-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/401760\/","title":{"rendered":"Canada’s annual inflation rate rose to 2.4% in March, driven by high gas prices"},"content":{"rendered":"

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Canada’s annual inflation rate rose to 2.4 per cent in March, Statistics Canada said on Monday.<\/p>\n

High prices for energy, especially gas, due to the war in Iran drove inflation higher. Energy prices were 3.9 per cent higher compared to a year ago, and the data agency said March’s 21.2 per cent monthly increase in the price of gasoline was the largest on record.<\/p>\n

The impact on inflation would have been higher, Statistics Canada noted, if it weren’t being compared to prices from March 2025 which still included the consumer carbon tax.<\/p>\n

Economists widely expected higher gas prices from the war in Iran to drive inflation up. A Reuters poll showed economists expected the annual rate of inflation to accelerate to 2.5 per cent in March from 1.8 per cent in February, according to LSEG Data & Analytics.<\/p>\n

The federal government’s break on some energy taxes kicks in today<\/a> however, which aims to help ease the cost of fuelling up for Canadians. <\/p>\n

Prices for food at stores rose 4.4 per cent on an annual basis, up from last month. In particular, fresh vegetable prices jumped 7.8 per cent year-over-year in March, which Statistics Canada chalked up to recent tough growing conditions for cucumbers, peppers and celery.<\/p>\n

More to come.<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 2 minutes The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":401761,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46],"class_list":{"0":"post-401760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-il","10":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/401760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=401760"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/401760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/401761"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=401760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=401760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=401760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}