Canada: Inflation Rises Above 5%, Highest Levels Since 1991

Consumer price inflation accelerated to 5.1% year-on-year (y/y) in January, from 4.8% in December and well ahead of market expectations for an unchanged print. Energy price growth accelerated to 23.1% (from 21.2% in December), even as gasoline price growth slowed year-on-year (to 31.7% from 33.3% in December). Excluding energy, prices picked up noticeably, hitting 4.0% […]

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