FXstreet.com (Barcelona) - Consumer prices have accelerated in April in Canada on higher gasoline prices, although the yearly rising pace is still into acceptable levels, as the latest report by Statistics Canada shows.

Consumer prices have increased 1.7% in Canada in April from the same month on the previous year, somewhat above the 1.4% increase posted in April. Gasoline prices, posting a 11.6% increase from April 2007, have been the largest inflationary contributors.

Excluding gasoline, the CPI increased 1.3% year on year. The Bank of Canada Core CPI has risen 1.3% on the year.

On the month, the all-items CPI has risen 0.8%, while the Bank of Canada Core CPI, rose 0.3% from April.