Inflation increased slightly to 4.4% in April the first increase since June 2022. The increase is mainly the result of a reduced drag from gasoline prices and continue strong contribution from shelter costs, especially mortgage interest payments and rent. Nevertheless, there are continued signs of modest moderation in underlying inflationary pressures, with most measures of core inflation easing in April yet remaining elevated, above 4%.
Research, analysis and current events for the credit union system.
Alberta Central member credit unions receive exclusive access to additional tools and information in our secure members area, coming soon.