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Inflation up slightly to 2.9% in March, thanks to gasoline and shelter prices

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The consumer price index shows inflation was at 2.9% in March compared to the year before, a slight increased compared to February.

Year-over-year inflation up slightly, compared to 2.8% gain in February

Gasoline prices contributed the most to the March inflation rate, according to Statistics Canada. (David Paul Morris/Bloomberg)

The consumer price index shows inflation was at 2.9 per cent in March compared to the year before, a slight increased compared to February.

According to Statistics Canada, gasoline prices, mortgage interest costs and rent contributed to upward pressure in the inflation rate.

More to come.

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