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“The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in April, following a 2.3% increase in March,” Statistics Canada reported this Friday.

Key points:

   “¢   On a seasonally adjusted monthly basis, the CPI rose 0.1% in April, matching the increase in March.
   “¢   Seven of eight major components increased on a year-over-year basis in April.  
   “¢   The price of services (+2.3%) increased more slowly on a year-over-year basis in April, after posting a 2.7% increase in March.
   “¢   Prices for non-durable goods (+2.7%) increased less in the 12 months to April than they did in March (+3.0%).  
   “¢   Prices for semi-durable goods increased 2.3% in April, following an increase of 0.2% in March.