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.

Purchase Finalized for Homelessness Support Centre
Hamilton Teen Charged in Norfolk Crash
Interview with the Mayor - June 1st, 2026
Bid for Kids Sake Begins!
Pride Month Begins in Oxford County
Southbound Vehicle Crosses Westbound Lanes of Highway 403
Embro Set to get a Dog Park
Public Consultation for Homeless Service Centre
WAG Celebrates 60 Years
Navy Vets Hire Head Coach for Inaugural GOHL Season
Woodstock Police Respond to Swatting Incident
Interview with the Warden - May 28th, 2026
Wind Phone Installed at VON Sakura House
Walk for Lupus Returns to Southside Park
Another Successful Realtors Care Food Drive for WITAAR
Discovery Week Returns to Woodstock Hospital
Developmental Service Workers Locked Out in Ingersoll
Golf Tournament to Support First Responders
Khanna Invites Tourists to Oxford this Summer
Blandford-Blenheim Candidate Profile - Tina Young
Comments
Add a comment