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Surging gas prices, Ukraine war pushed inflation to 6.7% in March

Statistics Canada says the annual rate of inflation hit 6.7 per cent in March, the fastest year-over-year increase in the consumer price index since January 1991.

The increase compared with gain of 5.7 per cent in February.

Fuelling much of the increase in March were higher prices at the pumps as gasoline prices rose 39.8 per cent compared with the same month one year earlier.

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