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Swiftonomics helped keep November inflation around 2% or slightly rising, experts say

  • Inflation is expected to be around 2% in November, influenced by temporary factors related to Taylor Swift's Eras Tour in Toronto.
  • Capital Economics predicts a slight increase in inflation due to the 'Taylor Swift effect' on hotel and airfare prices.
  • Core services prices are estimated to have risen by 0.7 percent month-over-month because of the tour's impact.
  • Gasoline prices remained stable, leading to a seasonally adjusted rise of close to three percent in inflation.
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