Canadian Inflation (March 2025) – April 15, 2025
Posted by Adam Chahl on
Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.3 per cent on a year-over-year basis in March, down from a 2.6 per cent increase in February. Month-over-month, on a seasonally adjusted basis, the CPI was unchanged in March.
The overall slowdown in headline CPI is largely driven by lower gasoline prices, with the CPI excluding gasoline rising by 2.5 per cent in March.
Shelter price growth continues to cool, as mortgage interest costs were up 7.9 per cent, marking the nineteenth consecutive month of deceleration. Similarly, rent was up 5.1 per cent year-over-year in March, down from 5.8 per cent in February.
In British Columbia, consumer prices rose 2.6 per cent year-over-year, down from 3.0 per cent in February.
The Bank…
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