The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates.
Price increases came from many of the usual culprits.
Despite the increases, markets reacted positively to the report. Stock market futures rose and government bond yields declined.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cryptocurrency exchange visitor traffic rose in MarchCryptocurrency exchange traffic increased to 360 million visits in March, according to research conducted by The Block.
Read more »
Consumer Fears Over Inflation Hit a Record High in March, New York Fed Survey ShowsWorries are increasing over inflation, with new Federal Reserve data showing a record-high fear over surging prices.
Read more »
Food prices likely pushed India inflation to 16-mth high in MarchIndia's retail inflation likely sped up to a 16-month high of 6.35% in March, well above the Reserve Bank of India's upper tolerance band for a third straight month, in part due to a sustained rise in food prices, a Reuters poll found.
Read more »
March inflation report may show another rapid price spikeThe newest inflation data out this week is expected to show another jaw-dropping figure as the Russian war in Ukraine sent oil and gas prices spiraling higher.
Read more »
Biden waiving ethanol rule in bid to cut gas prices; March inflation likely set 40-year highThings to know today: President Biden to announce suspension of ethanol rule in bid to cut gas prices; March inflation likely a 40-year high; and more top news.
Read more »
Horrific Bataan Death March commemorated on its 80th anniversaryHundreds gathered aboard the USS Hornet in Alameda to mark the milestone anniversary of the Bataan Death March in the Philippines.
Read more »