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.
39 Articles
39 Articles
Inflation ticks up slightly
Last month inflation increased blights to 1.9 percent, it was 1.8 percent in December. In January, Canadians paid more for energy and in the cost of vehicles increased. These price increases were partly offset by continued downward pressure on prices for products affected by the goods and services tax break introduced in December. Prices for the food component fell 0.6 percent, the first yearly decrease since May 2017. It was driven by a record…
(Updated) 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 per cent, Statistics Canada reported on Tuesday. Prices got a full month-long effect of the federal government’s tax break but a spike in gas prices to start the year offset the government’s relief, with underlying inflation accelerating. The agency reported prices at the pump jumped 8.6 per cent year-over-year, in large part because of a 25.9 per cent spike in Manitoba, with the p…
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