Inflation down in April
Canadian consumer prices rose at the slowest rate since October 2009 last month, as the annual inflation rate dipped six-tenths of a point to 0.4 per cent.
Statistics Canada says there was also an outward decline month-to-month, with prices dropping 0.4 per cent from March.
While many consumer items saw an outright decline in prices from a year ago, the agency says the biggest contributor was gasoline, which fell six per cent from last April.
Transportation costs overall declined 2.1 per cent. Mortgage interest costs, video equipment, automobiles and travel tours also were lower.
Food prices rose 1.5 per cent, but that was less than the 1.8 rise in March, while shelter costs increased by 1.3 per cent.
On a month-to-month basis, gasoline, clothing, restaurant meals, furniture and mortgage interest costs were all lower last month than they were in March.