The inflation rate in Canada is the highest it has been in a decade at 3.4%.
If it seems like everything costs a little bit more these days, it's because it does.
The annual pace of inflation in Canada rose to 3.4 percent in April. This is the highest level of inflation, Canada has had in a decade. In March the inflation rate was 2.2 percent.
The price at the pumps is the biggest culprit. Gas prices jumped 62.5 percent in April. Lumber prices have also sky rocketed in the past year, making homes, furniture and any products using wood more expensive.
The Bank of Canada had set a target of 2% for inflation.
Some analysts are saying the inflation rates only look high because they are compared yearly to April 2020, when prices fell drastically in April and May.
Prices dropped 0.2% in April 2020 however, which does not account for the 3.4% increase in 2021.

DASO Christmas Giving of Hope Returns
Remembrance Day Ceremony Well Attended in Woodstock
Oxford OPP Briefs - November 11th, 2025
Snow Squalls Cancel Some Buses in Oxford
Budget Season Begins for Oxford County
Remembrance Day in Oxford County
Patient Intake Happening for HART Hub
Head On Collision Under Investigation
Addition Coming to Woodstock School
Impaired Driver Charged in Tillsonburg
PJHL Recap - Nov 7th to Nov 9th
Winter Parking Season Begins in Oxford
Woodstock Approves Community Grant Recipients
Woodstock Financially Supports Food Rescue Hub
One Killed in Muir Line Crash
Winter Driving Reminder from the OPP
Animal Cruelty Incident Under Investigation
Woodstonian Charged in Human Trafficking Investigation
Changing Lives in Canada and Rwanda
Woodstock Prepares for the Lighting of Museum Square
Comments
Add a comment