Canadian inflation dipped to 4.3 per cent in March on a year-over-year basis, according to data released from Statistics Canada on Tuesday.
as higher mortgage interest costs were offset by lower energy prices.
The continued slowdown in inflation since last summer has now brought the annual rate down to the lowest it’s been since August 2021.But the deceleration hasn’t brought much relief to homeowners with new mortgages or renewing their mortgages at high interest rates. Mortgage interest costs rose at the fastest pace on record last month, up 26.4 per cent from a year ago.
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