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Canadian annual inflation rose to 1.9% in January

  • Canada's annual inflation rate rose to 1.9% in January, as reported by Statistics Canada.
  • Gas prices increased by 8.6%, particularly in Manitoba due to a reintroduced gas tax, according to Statistics Canada.
  • Stephen Brown noted that underlying inflation pressures are building despite the GST holiday keeping headline inflation below 2%.
  • Royce Mendes stated he believes the central bank will keep rates steady in March, dependent on tariff news and data releases.
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39 Articles

Toronto SunToronto Sun
+2 Reposted by 2 other sources
Right

Inflation ticks back up to 1.9% in January after rise in gas prices

Canada's annual inflation rate ticked back up in January to 1.9%, Statistics Canada reported on Tuesday

·Toronto, Canada
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cknewstoday.cacknewstoday.ca
+3 Reposted by 3 other sources
Lean Left

Inflation once again stayed below two per cent in January

Higher gas and natural gas prices pushed inflation up in January, but not by much.

·Kemptville, Canada
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ominecaexpress.comominecaexpress.com
+7 Reposted by 7 other sources
Lean Left

Gas price spike fuels slight January inflation increase in Canada

Rate ticks back up to 1.9% in January, still under Bank of Canada’s 2% target

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  • 72% of the sources lean Left
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Bloomberg broke the news in United States on Tuesday, February 18, 2025.
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