Inflation rate down to 4.3%

Canada's inflation rate in March dropped to 4.3 percent after a 5.2 percent increase in February.

This increase is the smallest increase since August 2021.

Canadians did pay more in mortgage interest costs. Those costs were offset by a decline in energy prices.

Gasoline prices, continued to have a strong downward impact on consumer inflation, contributing to the deceleration.

Grocery prices continued to increase but at a slower pace.