Inflation at the lowest level since August 2021
Statistics Canada is reporting a drop in the inflation rate.
The agency says inflation fell to 4.3 percent last month, which is down from 5.2 percent in February.
This is the lowest inflation has been since August 2021.
The data shows Canadians paid more for mortgage interest last month, but the increase was offset by lower energy prices.
As well, grocery prices were up by 9.7 percent in March, which is down from 10.6 the month prior.
This is due to lower prices for fruits and vegetables.
Economists are predicting inflation will fall to three percent by the middle of the year.
Grimsby, Port Colborne Honour Remembrance Day
St. Catharines Man Charged with Drug Dealing
Wainfleet Man Wins Lottery... 1st Time
MP Plans to Hear More Vaccine Injury Stories
Cash Registers Stolen in Thorold B&Es
Motel Fire Considered Suspicious
Frank Campion Named Niagara Regional Chair
Niagara Businesses Discuss Tariffs at Event