Canada's inflation rate inches up again, to new 31-year high of 6.8%

State Media: 'The cost of living continues to rise at the fastest pace in decades, with Canada's official inflation rate rising at a 6.8 per cent annual pace in April, a new 31-year high.

'Statistics Canada reported on Wednesday that the cost of living crept higher mainly because of increases in the cost of food and shelter. Food prices have risen by 9.7 per cent in the past year, while shelter costs are up by 7.4 per cent.'