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Canada inflation slips to 1.6% on lower gas prices

  • Canada’s annual inflation rate fell to 1.6% in September, mainly due to lower gasoline prices.
  • Analysts had predicted a decrease to 1.8%, showing the slowdown was sharper than expected.
  • The decline in inflation is associated with a 10.7% drop in gasoline prices, according to Statistics Canada.
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Lean Left

This was the lowest price increase recorded since February 2021.

·Montreal, Canada
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Bias Distribution

  • 74% of the sources lean Left
74% Left

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svt Nyheter broke the news in Stockholm, Sweden on Tuesday, October 15, 2024.
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