Published 1 year ago • loading... • Updated 1 year ago

Canada's inflation rate fell to 2.9% in January

Canada's inflation rate dropped more than expected, with gasoline, airfare, and clothing prices decreasing.
Statistics Canada reported a decrease in the annual inflation rate to 2.9% in January from 3.4% in December, with gas prices contributing to the decline.
The Bank of Canada sees positive signs as price pressures ease, and core inflation measures fall, showing a potential for interest rate cuts.

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Toronto Sun

'VERY PLEASANT SURPRISE': Canada’s inflation rate tumbled to 2.9% in January

Statistics Canada says the country's annual inflation rate fell to 2.9 per cent last month.

1 year ago·Toronto, Canada

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Courier Mail

Inflation slowed to 2.9%, lower than expected

Canada's inflation rate dropped lower than expected in January — to 2.9 per cent from 3.4 per cent in December, but many consumers say they're still feeling financial pain.

1 year ago

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True North News

Canada’s inflation eases to 2.9% in January

Data from Statistics Canada has revealed that the country’s annual inflation rate has slowed to 2.9% in January, compared to the same month last year. This marks a decrease in the pace of inflation since the Consumer Price Index (CPI) showed a 3.4% inflation rate in December 2023. The deceleration to 2.9% marks the first time since June 2023 that Canada’s inflation rate has fallen within the Bank of Canada’s inflation-control target range of on…

1 year ago

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