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Friday, April 20, 2012

Inflation Drops Nationally But, Not Here

Big drops in the price of food and gasoline knocked the inflation rate down seven-tenths of a point in March to 1.9 per cent.
 
It's the first time since September of 2010 that the rate has fallen below the Bank of Canada's sweet spot of two per cent.

Even though the rate fell, you probably don't have more money in your pocket -- because most items measured were more expensive in March than in February. 
 
Here in Saint John, the rate went up to 2.4 from 2.2 in February but it went down provincially from 2.6 per cent to 2.4 per cent.