Inflation in Canada slows with 2.9% increase in January, keeping June rate-cut expectations on track
Canada’s annual rate of inflation slowed more than economists expected in January, with prices rising 2.9 per cent, as food price growth slowed and gas prices fell. Economists had expected the Consumer Price Index (CPI) to dip from 3.4 per cent in December to 3.3 per cent in January, according to Reuters. Statistics Canada said on Tuesday that January's annual deceleration was driven by lower year-over-year prices for gasoline. Excluding...
Canada’s annual rate of inflation slowed more than economists expected in January, with prices rising 2.9 per cent, as food price growth slowed and gas prices fell. Economists had expected the Consumer Price Index (CPI) to dip from 3.4 per cent in December to 3.3 per cent in January, according to Reuters. Statistics Canada said on Tuesday that January's annual deceleration was driven by lower year-over-year prices for gasoline. Excluding...
