OTTAWA –Canada's annual inflation rate eased in March to 4.3 percent, its slowest pace in 19 months but still more than double the Bank of Canada's 2 percent target, data showed on Tuesday. The headline inflation figure fell from 5.2 percent in February, matching expectations, as a decline in energy prices helped offset a record spike in mortgage costs, Statistics Canada data showed on Tuesday. 'Inflation hasn't been running this slow since 2021, but that's still not enough to satisfy Canadian central bankers who are laser-focused on returning price growth to its 2 percent, target,' said Royce Mendes, head of macro strategy at Desjardins Group.

https://business.inquirer.net/396559/canadas-inflation-rate-slows-to-4-3-in-march-slowest-pace-since-2021

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