Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February.
Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February.
The below chart from Justin Fabo at Antipodean Macro compares Canada’s core inflation against other developed nations:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/04/Quarterly-core-inflation.png)
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/04/Trimmed-mean-inflation-Anglo-Countries-660x554.png)
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