Canada Inflation Gain Is Least Since 2013 as Gas Drops 21%
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Canada’s inflation increased at the slowest rate since October 2013 last month as costs for gasoline and fuel oil dropped.
The consumer price index rose 0.8 percent in April compared with a year earlier, Statistics Canada said Friday from Ottawa. The Bank of Canada already predicted last month inflation would fall outside its 1 percent to 3 percent target range, and called for a second-quarter pace of 0.8 percent.