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The U.S. and Israel's war on Iran is fuelling Canada's inflation rate, which rose to 2.8 per cent in April.
That inflation is primarily being caused by Iran’s chokehold on the Strait of Hormuz, where a fifth of the world’s oil normally passes through.
Global’s Jillian Piper explains how soaring energy prices are affecting Canadians and what economists are projecting.
For more info, please go to https://globalnews.ca/news/11854990/consumer-price-index-april-2026/
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