Ah, time for some more interest rate hikes?
https://financialpost.com/news/econo...-rate-decision
Canada’s annualized rate of inflation rose to 3.4 per cent in December, according to the latest Consumer Price Index data released by Statistics Canada.
That’s faster than the 3.1 per cent increase recorded in the previous month.
The increase in the headline inflation figure, a change that was anticipated by economists, was largely due to a year-over-year rise in gasoline prices, which were 1.4 per cent higher than in December 2022, even though monthly gasoline prices fell for the fourth month in a row, Statistics Canada said. In November, by contrast, gas prices had declined by 7.7 per cent year over year.