Canada's annual inflation rate drops to 1.8% in December on sales tax relief
Consumer prices in Canada continued to climb up at a soft pace in December, data showed on Tuesday, helped by a sales tax break which kicked off from the mid of the month and brought down prices of alcohol,
Canada's inflation rate fell to 1.8% in December
Canada's inflation rate fell to 1.8 per cent in December, Statistics Canada said on Tuesday.
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
Core inflation rate slows to 3.2% in December, less than expected
The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%. The annual number was in line with forecasts. Core CPI annual rate was 3.2%, a notch down from the month before and slightly better than the 3.
Inflation in Canada Eases to 1.8% on Sales Tax Break
For the first time since 2019, Canadian inflation stayed within the central bank’s target range for a full year, a mark of achievement for policymakers ahead of a potential tariff war that threatens to derail their progress.
Canada's inflation rate edged down to 1.8% in December as GST break kicked in
Canada's annual inflation rate slowed to 1.8 per cent in December, according to Statistics Canada, after rising 1.9 per cent in November. Economists polled by Reuters had expected inflation to remain unchanged at 1.
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