Canada's inflation rate cools slightly to 2.3% in March amid lower gas prices

The Canadian Press

· Posted: Apr 15, 2025 8:39 AM EDT | Last Updated: 4 minutes ago

Canadians got a break on inflation in March even without a tax holiday, as Statistics Canada says the pace of price
increases slowed last month.

The agency says the annual inflation rate was 2.3 per cent in the month, down from 2.6 per cent in February.

StatsCan says a drop in the price of gas helped ease prices for motorists in March.

The agency also says Canadians were paying 12 per cent less on airfare last month compared with a year earlier.

StatsCan says the easing in flight costs came alongside a drop in air travel to the United States last month.

March marked a full month without the federal government's temporary tax break in effect, which StatsCan says helped keep inflation a bit higher.

More to come.