Canada’s Inflation Slowed to 2.3% in March: StatCan

Canada’s Inflation Slowed to 2.3% in March: StatCan
People browse a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, on March 4, 2025. Reuters/Arlyn McAdorey
Reuters
Updated:
OTTAWACanada’s annual inflation in March surprisingly slowed to 2.3 percent, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data showed on Tuesday.

The core measures of inflation, which are closely tracked by the Bank of Canada, however, stayed elevated, Statistics Canada said.