Albertas annual inflation rate tumbles in April, lowest west of Atlantic Canada [Video]

The annual rate of inflation in Alberta took a big dip in April.

The latest numbers from Statistics Canada show the cost of living increased by 1.5 per cent in April, compared to the same month a year earlier — and that’s down from the 2.8 per cent inflation rate in March of this year.

It’s also below the national inflation rate of 1.7 per cent in April and the lowest rate for any province outside of Atlantic Canada.

Stats Canada credits a decline in energy prices for helping to lower the inflation rate — mainly driven by the removal of the consumer carbon tax and falling world oil prices that resulted in a 18.1 per cent decline in gasoline prices on a year-over-year basis.

In Calgary, Statistics Canada said the price of a litre of regular gasoline fell from 149.2 cents per litre in January of this year to 130.2 cents in April.

In Edmonton, the price fell from 144.3 in January to 126.7 …