Canada's inflation rate rose to two per cent in April, from 1.9 per cent the previous month. All told, gasoline prices were 10 per cent higher in April than they were in March — but still cheaper on average than they were a year ago. Scotiabank economist Derek Holt noticed an interesting one-time factor that nudged the rate higher: travel. While higher than the overall inflation rate, that's down from a 3.6 per cent pace of gain between March 2018 and 2019. "Higher energy prices, but slowing food price inflation left overall prices up two per cent in April," he said, adding that he doesn't think the inflation rate will change enough to convince the Bank of Canada to change its interest rate policy in either direction for a while.

Source: CBC News May 15, 2019 12:53 UTC