Canada's inflation rate slowed to 2.9% in January

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Business·Breaking

Canada’s annual inflation rate slowed to 2.9 per cent in January, according to data from Statistics Canada.

December inflation had edged up to 3.4 per centJenna Benchetrit · CBC News · Posted: Feb 20, 2024 8:38 AM EST | Last Updated: 4 minutes ago

Canada’s annual inflation rate fell to 2.9 per cent in January, according to data from Statistics Canada. (Bryan Eneas/CBC)

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 core inflation rate, which strips away volatile sectors including

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