This is breaking news from CJAD 800
Canadian annual inflation rose to 1.9% in January |
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Canada's annual inflation rate ticked back up in January to 1.9 per cent, thanks to a spike in gas prices to start the year. While Statistics Canada's consumer price index report today showed relief in prices from the federal government's tax break, the jump in gas prices offset it. Prices at the pump rose 8.6 per cent in January compared with a year ago, thanks in large part to Manitoba reintroducing its provincial gas tax after a pause in 2024. |
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