Annual inflation rate turned negative in April, Statistics Canada reports

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BREAKING: Annual inflation rate turned negative in April, Statistics Canada reports

The agency reports the consumer price index for April fell 0.2 per cent compared with a year ago as gasoline prices plunged by 39.3 per cent, the largest year-over-year decline on record.The reading compared with a year-over-year increase of 0.9 per cent in March when the pandemic began.

Economists on average expected a reading of -0.1 per cent for April, according to financial markets data firm Refinitiv. But other prices for other consumer goods were up, particularly for cleaning products, toilet paper and food, the agency is reporting this morning.

 

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Rent increased, insurance increased, groceries increased and mostly Bell bills increased.

Not according to my grocery bills

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