Consumer Price Index in Canada increased 1.3%
Prices rose in six of the eight major components on a year-over-year basis in March, with the food and shelter indexes contributing the most to the increase in the CPI.
The transportation index, which includes gasoline, and the clothing and footwear index declined on a year-over-year basis in March.
Food prices were up 3.6% year over year in March, after rising 3.9% in February. Prices for food purchased from stores increased 4.0% year over year, following a 4.4% gain the previous month.
The 12-month growth rate in the fresh vegetables index (+14.9%) and the fresh fruit index (+11.3%) slowed in March compared with February.
The meat index rose 3.2% year over year in March, its largest increase since November 2015. Prices for food purchased from restaurants were up 2.6% year over year in March, following a 2.7% increase the previous month.
The transportation index decreased 1.0% in the 12 months to March, following a 0.5% decline in February. Lower year-over-year gasoline prices partly contributed to the decrease.
The index for purchase of passenger vehicles was up 3.2% year over year in March, after increasing 5.0% the previous month.
The clothing and footwear index was down 0.4% year over year in March, after decreasing 1.3% in February.
Shoppers paid 1.8% less for women's clothing in March compared with the same month a year earlier. Prices for children's clothing increased more on a year-over-year basis in March (+2.6%) than in February (+0.9%). ■