Canada's inflation rate fell to 2.9% in January

Inflation drops to 2.9% in January

The lower than expected figure comes amid signs of stabilization in housing and grocery prices amid broader economic slowdown. The post Inflation drops to 2.9% in January appeared first on CANADIAN AFFAIRS.

'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.

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.

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…

Canada's Jan inflation rate drops more than expected to 2.9%

Canada's inflation rate cooled much more than expected to 2.9 percent in January, while core inflation measures dropped to their lowest levels...

Canada’s inflation rate tumbles to 2.9%, back inside BoC’s target range

Investors bolster bets for an April rate cut from the Bank of Canada, with June a stronger possibility