NEWS
Economists expect inflation topped 3% in April as gas prices soared
First time above 3% since 2023 as energy costs spike amid Iran conflict
Economists expect the annual pace of inflation topped three per cent for the first time since 2023 in April as Statistics Canada's consumer price index reflects the full weight of the Iran war energy shock. The agency is set to publish fresh inflation data for April on Tuesday. A Reuters poll of economists calls for the headline inflation rate to jump sharply to 3.1 per cent in April, up from 2.4 per cent in March.