Inflation slowed sharply to 2.9% in January as gas prices fell
The annual rate of inflation in Canada dropped half a percentage point in January thanks largely to lower gas prices and cooling at the grocery store as well.
![Inflation slowed sharply to 2.9% in January as gas prices fell](https://globalnews.ca/wp-content/uploads/2024/02/gas-pumps.jpg?quality=85&strip=all#)
The annual rate of inflation in Canada dropped half a percentage point in January thanks largely to lower gas prices and cooling at the grocery store as well.