Tag: gas prices impact inflation

• Canada’s Inflation Rate Rises to 2% in October, Lowering Likelihood for Large Rate Cuts

  

  Canada’s inflation rate unexpectedly climbed back to 2.0% in October 2024, driven by a smaller decline in gasoline prices and rising grocery costs. This marks the first increase in the annual inflation rate since May, aligning with the Bank of Canada’s forecasts and curbing market expectations for a significant rate cut next month. The news…

  Kaleylangille

  November 22, 2024

  Uncategorized

  anada inflation October 2024, Bank of Canada rate decision, Canadian CPI data, Canadian dollar inflation impact, core inflation measures, economic data Canada, economics, economy, finance, gas prices impact inflation, grocery price increases Canada, inflation, inflation and rate cuts, interest-rates