A person carries shopping bags along a street in Montreal, on Dec. 14, 2024. The Canadian Press/Graham Hughes
Canada’s annual inflation rate fell slightly to 2.3 percent in January, a change that Statistics Canada is attributing to lower gasoline prices.
Although inflation stood at 2.4 percent in December, the statistics agency said a 16.7 percent drop in gasoline prices allowed inflation to fall further in January. Excluding gasoline, the Consumer Price Index (CPI) rose by 3 percent in January, matching the increase seen in December.
