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Canada’s annual inflation jumped in March due to plunge in prices last year

Statistics Canada says the annual pace of inflation jumped higher in March due in large part to a plunge in prices a year ago, at the start of the pandemic.

The agency says the consumer price index in March was up 2.2 per cent compared with a year ago.

The increase compared with a 1.1 per cent year-over-year increase in February.

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