Canada: The Consumer Price Index (CPI) rose 1.6% on a year-over-year basis in April

"The Consumer Price Index (CPI) rose 1.6% on a year-over-year basis in April, matching the gain in March," announced the Statistics Canada on Friday.

• Overall, energy prices rose more year over year in April than they did in March, while declines in food prices moderated.
• Excluding food and energy, the CPI was up 1.5% on a year-over-year basis in April, following a 1.7% increase in March.