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   Why did Canada's inflation rate slow in January?

   • Canada's annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, according to Statistics Canada. (Christopher Katsarov/The Canadian Press) Canada's annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, Statistics Canada said Tuesday.

   Canada's inflation rate slowed to 2.9% in January as gas prices fell

   www.cbc.ca/news/business/inflation-january-2024-1.7119796

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   When was the last time Canada's inflation rate was below 6 per cent?

   • The last time Canada's annual inflation rate was below six per cent was in February 2022, when it was 5.7 per cent. January's numbers marked "a rare downside surprise," and a step in the right direction, said Doug Porter, a chief economist at Bank of Montreal.

   Canada's inflation rate slowed to 5.9% in January, but food costs

   www.cbc.ca/news/business/canada-inflation-january-1.6754818

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   Are Canadian prices falling faster than US inflation?

   • The figures show prices coming down faster in Canada than in the United States, where annual inflation gained 6.4% in January. Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year.

   Canada's inflation slows in January, making rate pause more likely

   ca.finance.yahoo.com/news/canada-annual-inflation-rate-slows-133316672.html

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   What drives inflation in Canada?

   • However, mortgage interest costs continued to be the No. 1 driver of inflation, at a year-over-year rate of 27.4 per cent, while rent price growth ticked up to 7.9 per cent. Annual inflation in Canada. Housing is certainly the biggest part of most people's budget and of inflation overall, said Tu Nguyen, an economist with RSM Canada.

   Canada’s inflation rate slowed to 2.9% in January | RCI

   ici.radio-canada.ca/rci/en/news/2050702/canadas-inflation-rate-slowed-to-2-9-in-january

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   Will inflation be subdued by the bank of Canada?

   • With Tuesday’s release, the inflation rate now falls within the Bank of Canada’s target range of 1 per cent to 3 per cent. (The BoC aims for the midpoint: 2 per cent.) The central bank was expecting average annual inflation of 3.2 per cent in the first quarter. Barring an uptick, it appears that inflation could be subdued on a quicker timeline.

   Canada’s inflation rate fell to 2.9% in January. Here’s what happens

   www.theglobeandmail.com/business/article-canada-inflation-rate-january-live-updates/

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   What is the target inflation rate for grocery inflation in Canada?

   • At peak levels, grocery inflation was running around 11 per cent. With Tuesday’s release, the inflation rate now falls within the Bank of Canada’s target range of 1 per cent to 3 per cent. (The BoC aims for the midpoint: 2 per cent.) The central bank was expecting average annual inflation of 3.2 per cent in the first quarter.

   Canada’s inflation rate fell to 2.9% in January. Here’s what happens

   www.theglobeandmail.com/business/article-canada-inflation-rate-january-live-updates/

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2. www.cbc.ca › news › businessCanada's inflation rate slowed to 2.9% in January as gas ...

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   Feb 20, 2024 · Canada's annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, Statistics Canada said Tuesday. Economists were expecting the rate to...

   • Canada's inflation rate slowed to 5.9% in January, but food ...

     Canada's inflation rate slowed to 5.9 per cent in January,...

3. www.cbc.ca › canada-inflation-january-1Canada's inflation rate slowed to 5.9% in January, but food ...

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   Feb 21, 2023 · Canada's inflation rate slowed to 5.9 per cent in January, Statistics Canada said on Tuesday. That number was lower than the 6.2 per cent that economists were expecting.

4. Videos

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     Canada's inflation rate slows to 5.9% in January

     Feb 20, 2023

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     Canada's inflation rate slows to 3.4%, the lowest in almost 2 years

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     Inflation rate eases but high prices continue to strain Canadians

     Oct 17, 2023

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5. www.ctvnews.ca › business › canada-s-annualCanada's annual inflation rate slowed in January but grocery ...

   www.ctvnews.ca › business › canada-s-annual

   Feb 21, 2023 · The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada will stick to its decision to pause interest rate hikes as an overheated economy cools.

6. www.reuters.com › world › americasCanada's inflation rate slows and bolsters bets on early rate ...

   www.reuters.com › world › americas

   Feb 20, 2024 · Canada's annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased, data showed on Tuesday, bringing forward bets for an early...

7. ici.radio-canada.ca › rci › enCanada’s inflation rate slowed to 2.9% in January

   ici.radio-canada.ca › rci › en

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   Feb 20, 2024 · Canada's annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, according to data from Statistics Canada. The inflation rate was 3.4 per cent in December. Since then, the Bank of Canada has raised the interest rate 10 times, though it has held the rate steady at five per cent since July.

8. www.theglobeandmail.com › business › article-canadaCanada’s inflation rate fell to 2.9% in January. Here’s what ...

   www.theglobeandmail.com › business › article-canada

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   Feb 20, 2024 · Canada’s annual inflation rate fell to 2.9 per cent in January, not only much lower than Bay Street estimates, but marking a return to the Bank of Canada’s target range.

9. ca.finance.yahoo.com › news › canada-annualCanada's inflation slows in January, making rate pause more ...

   ca.finance.yahoo.com › news › canada-annual

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   Feb 21, 2023 · OTTAWA (Reuters) -Canada's annual inflation rate eased more than expected in January to 5.9%, data showed on Tuesday, which should allow the Bank of Canada to keep interest rates steady...