Ottawa: Statistics Canada on Tuesday said the annual pace of inflation rose in April for the first time since it peaked in June last year.
The agency said its consumer price index was up 4.4 per cent compared with a year ago.
The result compared with a year-over-year increase of 4.3 per cent in March.
Statistics Canada said the increase in prices in April came as mortgage interest costs were up 28.5 per cent compared with a year ago, while rent prices rose 6.1 per cent.
Grocery prices, which have been closely watched, were up 9.1 per cent compared with a year ago, but that increase was smaller than the 9.7 per cent year-over-year jump in March.
Gasoline prices in April were down 7.7 per cent compared with a year earlier when prices were higher due in part to Russia’s invasion of Ukraine. — Canadian Press