Canada’s annual inflation rate edged down to 2.3 per cent in January, Statistics Canada said on Tuesday.
Economists were expecting rate to remain unchanged from December
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Canada’s annual inflation rate edged down to 2.3 per cent in January, Statistics Canada said on Tuesday, driven downward by a decline in the cost of gasoline.
Economists were largely expecting the rate to remain unchanged from December’s 2.4 per cent.
With gas excluded, January’s inflation rate came in at three per cent. Pump prices put pressure on the headline rate, having fallen 16.7 per cent in January compared to the same period last year.
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