The Conference Board of Canada - AERIC Inc.

04/15/2025 | News release | Distributed by Public on 04/15/2025 08:11

Despite GST Holiday Wrap-Up, Canada’s CPI Decelerated in March

  • Gasoline prices fell by 1.8 per cent month-over-month and were 1.6 per cent lower than a year ago. Year-over-year, food prices rose by 3.2 per cent (y/y) following a 1.3 per cent increase in February.
  • Core CPI (excluding food and energy) grew by 2.4 per cent in March (y/y), lower than its 2.9 per cent increase in February. Several shelter components continue to drive overall CPI growth.
  • On a seasonally adjusted basis, the CPI was unchanged from the previous month (following a 0.6 per cent increase in February).
  • The average of the Bank of Canada's two preferred core inflation measures remained at 2.9 per cent in March. CPI-median remained unchanged at 2.9 per cent while CPI-trim fell to 2.8 per cent (from 2.9 per cent in the previous month).