According to Jinshi Data reports, driven by falling energy prices and the end of the federal consumer carbon tax, Canada's overall inflation rate in April fell to its lowest level in 8 months. Statistics Canada stated that the overall CPI in Canada increased by 1.7% compared to the same period last year. Economists at TD Securities pointed out that the market originally expected the index to drop from 2.3% last month to 1.6%. On a month-to-month basis, prices fell by 0.1%, while the market generally expected a decline of 0.2%.