About: http://data.cimple.eu/news-article/c32277df61023246a2044c7530f90d8cab583fd1cfbe0252d105597e

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About: http://data.cimple.eu/news-article/c32277df61023246a2044c7530f90d8cab583fd1cfbe0252d105597e Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canadians paid 3.4 percent more for goods and services in April than a year earlier, as prices bounced back from a steep plunge last year, the government statistical agency said Wednesday. The inflation rate, following a 2.2 percent gain in March, rose at its fastest pace since May 2011 and was 0.3 percentage points higher than analysts had expected, more than a year after the World Health Organization declared a pandemic. CIBC Economics analyst Royce Mendes said the Bank of Canada "will likely try to look through this, with the labour market still a long way from full employment." "But that may only be a temporary solution, if price pressures prove more persistent," he said in a research note, suggesting an increase in interest rates may be needed to slow inflation. Gasoline prices rose 62.5 percent year over year -- setting a new record gain, according to Statistics Canada. Homeowners' replacement costs, meanwhile, climbed 9.1 percent, posting the largest gain since April 1989, led by higher building costs and demand for single-family homes that pushed up prices for newly built homes. Prices for clothing and footwear, electricity and passenger vehicles were also up. But a larger supply pushed down prices for tomatoes 29.8 percent. Prices for telephone services also fell, partially due to wireless service providers offering bonus data promotions on some cellular plans. amc/st
schema:headline	Canada consumer prices bounce back from steep 2020 plunge
schema:mentions	Wireless Gasoline Inflation World Health Organization Canada Pandemic Canadian Imperial Bank of Commerce Statistics Canada Full employment
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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