About: http://data.cimple.eu/news-article/56520ec854df97443a721cd1a8c17758fe3fd4a23810d98d6a9b6976

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rdf:type	schema:NewsArticle
schema:articleBody	Consumer prices in Canada declined 0.2 percent in April, the first year over year drop since September 2009, the national statistics institute reported Wednesday. Plunging energy prices as a result of the coronavirus pandemic was the main contributor to the decline in inflation, which had risen 0.9 percent in March. Excluding energy, the consumer price index rose 1.6 percent in April. On a seasonally adjusted monthly basis, the index fell 0.7 percent in April. Minus food and energy, it was down 0.1 percent. Gasoline prices fell a staggering 39.3 percent in April compared to the same month last year, the largest year over year decline on record, according to Statistics Canada. Limits on air travel, temporary business closures and falling global trade suppressed demand for oil at a time when markets were already glutted because of tensions between major oil producing countries. Consumers also benefitted from -- albeit it more modest -- declines in prices for transportation, apparel and leisure. But food prices jumped 3.4 percent, the most of any component of the price index. The increase was driven by increased demand for dry and canned goods by a population under lockdowns, as well as big mark-ups in prices of rice (9.2 percent), eggs (8.8 percent) and margarine (7.9 percent). The rise in sales and supply problems created by the pandemic also contributed to jumps in the price of pork (9.0 percent) and beef (8.5 percent) in April compared to the same month a year ago. Household cleaning products also were up, 4.6 percent, and paper supplies, which includes toilet paper, rose 6.0 percent, the biggest monthly increase on record. Prices for lodging, on the other hand, fell 9.8 percent year over year in April, the biggest decline in that category since 2011. jl/et/etr/jm/dw
schema:headline	Canada consumer prices fall 0.2 percent in April
schema:mentions	Plus and minus signs Deutsche Welle National Institute of Statistics and Geography World energy consumption Toilet paper Gasoline Pork Rice Beef Inflation Canada Pandemic Coronavirus Margarine Statistics Canada
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	46 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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