Rising energy prices to blame for inflation hike: StatsCan

The inflation rate increased to 2.8% in April, up from an increase of 2.4% in March.

Higher energy prices, most notably gasoline prices, drove the acceleration, according to Statistics Canada.

The removal of the consumer carbon levy in April 2025, which resulted in monthly declines for gasoline and natural gas, has now fallen out of the 12-month movement, putting upward pressure on the all-items CPI.

Excluding gasoline, inflation rose at a slower pace year over year in April (+2.0%) compared with March (+2.2%).

Moderating faster price growth in the all-items inflation was a year-over-year decline in prices for travel tours and a slowdown in rent prices.