Canada's inflation rate unexpectedly slows to 2.8% in February
Canada’s annual inflation rate unexpectedly slowed in February, dropping to 2.8 per cent following a 2.9 per cent increase in January. Statistics Canada said on Tuesday that contributors to the deceleration included an easing of grocery prices, and the cost of cellular services and internet access services. Offsetting the slowdown was a year-over-year rise in gas prices, which climbed 0.8 per cent after a 4 per cent drop in January. Analysts...
Canada’s annual inflation rate unexpectedly slowed in February, dropping to 2.8 per cent following a 2.9 per cent increase in January. Statistics Canada said on Tuesday that contributors to the deceleration included an easing of grocery prices, and the cost of cellular services and internet access services. Offsetting the slowdown was a year-over-year rise in gas prices, which climbed 0.8 per cent after a 4 per cent drop in January. Analysts...
