Natural gas costs jumped 26 per cent, gasoline prices 6.6 per cent and electricity rates 4.6 per cent in April, Statistics Canada reports.
OTTAWA—Canada’s annual inflation rate rose to 2.0 per cent in April, from 1.5 per cent the previous month, Statistics Canada said Friday.
The rate hit the central bank’s target for the first time in two years, led by higher energy costs.
Energy prices jumped 8.4 per cent, Statistics Canada said. The core rate, which excludes eight volatile products, climbed 1.4 per cent after a prior gain of 1.3 per cent.
Inflation jumps to 2 per cent on surge in energy prices, StatsCan says