Canadian expenses expected to rise - MoneySense

Canadian expenses expected to rise

Inflation rates for March rose faster than they have in two-and-a-half years.

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Canadian inflation rates rose to 3.3 per cent in March, following a 2.2 per cent annual increase in February.

The consumer price index accelerated beyond analysts’ projections, severely affecting the cost of meat, vegetables and gas.

Other steep increases came in travel services, clothing, car insurance and new cars. Air transportation, childcare, non-prescription medicine and cigarettes also became more expensive.

Until now, Canada remained immune to soaring prices of consumer good worldwide.

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