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Canadian annual inflation rose to 1.9% in January

Canada's annual inflation rate rose to 1.9 percent in January, up from 1.8 percent in December, according to Statistics Canada.
Food prices in Canada fell by 0.6 percent in January, marking the first drop since May 2017, as reported by Statistics Canada.
Gasoline prices increased by 8.6 percent year over year in January, following a 3.5 percent rise in December.
The Bank of Canada is now seeing a 63 percent chance of no interest rate cut in March, following January's inflation data, according to market analysts.

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Toronto Sun

+2 Reposted by 2 other sources

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

4 days ago·Toronto, Canada

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Financial Post

Markets trim bets on Bank of Canada interest rate cut after inflation ticks back up

Canada's inflation rate climbed to 1.9% in January as Canadians faced increased energy costs, Statistics Canada said Tuesday.

4 days ago·Canada

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cknewstoday.ca

+3 Reposted by 3 other sources

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.

4 days ago·Kemptville, Canada

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The Globe & Mail

Higher energy prices offset GST break as Canada’s annual inflation rate rises to 1.9%

Annual CPI ticks higher in January, matching analysts’ expectations, but remains below the Bank of Canada’s target

4 days ago·Canada

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ominecaexpress.com

+7 Reposted by 7 other sources

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

4 days ago

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The Epoch Times

Canada’s Annual Inflation Rate Increases to 1.9% in January

OTTAWA—Canada’s annual inflation rate inched up to 1.9 percent in January from the previous month as higher gasoline and natural gas costs reduced the impact of a sales tax reprieve on broader consumer prices, official data showed on Tuesday. The core measures of the consumer price index, which have not declined as fast as the inflation rate in the past few months, edged up too. January’s CPI reading racked up a six-month record of inflation com…

4 days ago·New York, United States

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