Canadian inflation spikes to 6.7 pct

OTTAWA, April 20 (Xinhua) -- Canadian consumer prices rose 6.7 percent in March year over year, the largest increase since January 1991, Statistics Canada announced Wednesday.

The agency said inflationary pressure in Canada remained widespread in March, as prices rose across all eight major components. Prices increased against the backdrop of sustained price pressure in the country's housing markets, substantial supply constraints and geopolitical conflict, which has affected energy, commodity, and agriculture markets.