Annual Inflation Rate Increased to 2.9 Percent in March as Gasoline Prices Rose

A woman pumps gas at a gas station in Mississauga, Ont., on Feb. 13, 2024. The Canadian Press/Christopher Katsarov

The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said on April 12.

The agency said its consumer price index for March was up 2.9 percent compared with a year ago, up from a 2.8 percent year-over-year increase in February.