Agence France-PresseApril 17, 2014 10:05
Canadians paid 1.5 percent more for goods and services in March than a year earlier, with energy prices leading the increase, the government statistical agency announced Thursday.
The inflation figure was largely in line with analysts' expectations.
Gasoline, electricity, fuel oil and natural gas prices were up in the month, said Statistics Canada.
Looking ahead, CIBC World Markets analysts Avery Shenfeld said gasoline and natural gas prices will likely continue rising, putting pressure on the Bank of Canada to raise its key lending rate.