👉According to Statistics Canada's report on Tuesday, Canada's inflation rate reduced to 4.3 per cent in March, which was in line with economists' expectations and lower than the previous month's rate of 5.2 per cent. Additionally, the report noted a slowdown in the increase of food prices, which have been rising at their highest rate in several decades. The report stated that the price of food purchased from stores increased by 9.7 per cent in the year leading up to March, with most of the deceleration attributable to lower prices for fresh fruits and vegetables, compared to a 10.6 per cent pace in the year leading up to February.✅
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