- Peter Dixon presents Joan Humphrey with best display award,

Mary Walker. looks on.

' the annual rate, a decline he expects will
_ Continue for several months yet.

-orrawa (CP) — The 1o-month alide in

_ inflation continued in’ March as prices rose.
* at an annual : rate of 7.2 per cent, down <
‘from 7. 4 per cent the month before to the
lowest level ‘ ginee February, 1977,
Statistics Canada sald today “|

But calculating ona monthly rather than
a yearly basis, higher energy ‘prices
"pushed the ; ‘consumer price - index for -
March: .up a ‘full. percentage paint, -
significantly more than the ‘prévious elghi
months. The monthly Ancrease’- in!
February. was 0.4 per cent...

, Calculated over -the lateat: thred'nionth *
period, or what the federal 4 agency calls its
current annual rate of change, the axinual
inflation rate now 18.2.8 per cent, up from -
2.1 per'cent for the three months: ending in
February:

The annual figure is commonly cited as .
_the country’ 's “inflation: rate," But some :
“economists ‘argue: that’ the three-month
-figure gives a more-up to date picture of -
inflationary trends than‘ the year-over-"
year figure.

Royal Bank economist Jack Vetimeeren

"said from Montreal the most important .

figure this time is the drop to.7.2 per cent in

The energy price’ incfease, “while
substantial, was expected, Vermeeren
said, adding that it will nol recur in next |
“month's, data. aa

"He said the key to future declines lies In.
* what. -happens.to’ oil pricing over the next -
few months in the wake of Energy Minister
" Jean Chretien’s statement that he wants to"
renegotiate. the energy agreements with —
thé producing provinces.

Conservative finance critic Pat Cameéy
“acknowledged the figures are relatively
good news but said ‘inflation is still

Ming in

Prices. increase feduoed

ks by
jer inna wages jose oO
And | jeven, diséounting. ‘the, 0 oll ‘price.
crease, ahe ‘tald. the” consumer’ price
“inden the ‘most’ Common measure of -
inflation, | still registered - “the biggest
monthly increase since May, 1 1982,"
: Carney algo expressed’ fears ‘that the,
record $31.2-billion : deficit, forecast for °
- 4998-84 jin’: Finance. Minister. Marc
-” Lalonde’s budget tonight will push interest.
rates up again’ and. refuel inflation. - eo
- NDP finance critic Nelson Rils sald he is

: very: encouraged" bythe continuing drop. .
“in inflation. but is worried -“that’ the —
downward trend. may be bottoming out,"

-The key now Hes in getting Ottawa and .,
the producing provinces to agree not only

“to ‘abandon further oil price increases but:
_ to actually roll prices back, Riis.said. -—

+The bggest drop last month came in food:
ptices, down:0.3 per cent after. rising 06.

per cent in February.
“Statistics Canada credited’ food’ price

: wats. in Quebec. and lower prices for.
_} “certain beef and.pork cuts ind fresh fruit
: - in-several western cities... .:

-Food prices in tores now. have risen only

9g per cent in ile last 12'months.

‘The “higher energy “costa mainly:
‘reflected the.delayed impact of the $4-per:
brrel increase in crude oll Jan. 1.: But

“':, Statisties Canada also blamed an increase
. in federal: sales tax and a truce in gas Brice
. Wars in several centres.

Also up'were clothing prices,
seasonal : ‘items, : housing: Corts.

Manitoba and “Albérta, the’ price of
"aléoholic beverages. Theretall ‘gales tax in -

0). Manitoba was raised’ to’ ‘Bix: ‘per cent from:
“five per.cent...

Offsetting the: increases were lower rail

_ and air fares, reflecting. the impact ‘of

sales promotions.

VANCOUVER (CP) —A hoards - now. - _ know ‘their — associations -’ - representing : bargaising parties. lt is the second time Peck
B.C. — School “Trustees budgets and know’ what. is 3,659 employees inthe three. —- Lien said that any figure hag, rejected a school .
Association spokesman said expected in the way of wage — districts was cautious-and over three per cent is — district pay raise. In March,
Monday ‘the association. packages wall advarice : the - noncommittal. - ° -. considered in- excess ofthe - a6.5-per-cent wage increase
welcomes a- decision by cause negotiating Peck was unavailable for. guidelines. - * won.by four East Kootenay

Compensation Stabilization

- Peck that sends three. wage’. decision . «. ejecting ° ‘the arbitration. award was district. cand.” . “Burnaby table... : ie .
settlements back for further. excessive a - B.6-per-cent ‘in excess “of: public sector. ‘Teachers’ | Association All teachers’ associations , j
a slemrwriale ag increase won in arbitration : wage guidelines and that all award (2.97 per cent) was coniqcted said they would
ciation vice- = last. “December ¢” by - cases wouldhavetobe found to. be --.within be unable to comment until
president Joy Leach said ‘negotiators. dor teachers in referred back to the guidelines.” - they had received details ; when. you buy a set oF 4 TAX Ro ial Tires
she expects to see “this: . Vancouver, *: North ~~ ems : ‘ = oe (suggested list PR $70 i or Ss
happening across the rest of . Vancouver |” and West you. get a2 Set of 4 Custom TR Wheels at no charge:
the province. _, Vancouver. plus | Michelin wit send you a $150.00 cash Rebate. |

“The: fact that: the school ”

: setllementa' a, ‘she. sald. -;
Program commissioner, Ed.

She’ was referring, to, a

Response from teachers’ a

. - comment, but Ed Lien, the.
program ’s. registrar, said:

° said,

For: - example,’ :

Lien :
the: Burnaby- ‘school |

Teacher wage settlements renegotiated G

school districts was ordered. ;
back: to-. the. ‘bargaining

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