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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.


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