OTTAWA (Reuters) – Canada’s annual inflation rate accelerated to 2.2% in March, up from a year-over-year increase of 1.1% in February, on energy prices and due to a statistical effect caused by last year’s very low index level, Statistics Canada said on Wednesday.
Analysts polled by Reuters had expected the annual rate to rise to 2.3% in March.
(Reporting by Steve Scherer; Editing by Andrew Heavens)
