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Canada's annual inflation rate goes negative, but food prices rise

FILE PHOTO: A woman carries shopping bags while walking past a window display outside a retail
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OTTAWA (Reuters) - Canada's annual inflation rate fell by 0.2% in April, the first time it has turned negative since 2009, as the coronavirus pandemic slashed energy prices, but the headline figure obscured rising costs of some foods.Analysts had forecast a negative rate of 0.1% in April, down from 0.9% recorded in March. Statistics Canada said on Wednesday that annual inflation excluding energy..
Date Published: May 20, 2020
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