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chemgear · 03-20-2024, 06:53 PM

https://www.cbc.ca/news/business/inf...2024-1.7148177

Canada's inflation rate slowed to 2.8% in February, beating expectations for 2nd month in a row

Canada's annual inflation rate cooled to 2.8 per cent in February, with the cost of cellular services, groceries and internet access services contributing to slower growth, Statistics Canada said Tuesday.

Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year's early progress.

For the first time in more than two years, grocery prices increased at a slower pace than the headline inflation rate, StatsCan said.

03-20-2024, 06:53 PM	#2084
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://www.cbc.ca/news/business/inf...2024-1.7148177 Canada's inflation rate slowed to 2.8% in February, beating expectations for 2nd month in a row Canada's annual inflation rate cooled to 2.8 per cent in February, with the cost of cellular services, groceries and internet access services contributing to slower growth, Statistics Canada said Tuesday. Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year's early progress. For the first time in more than two years, grocery prices increased at a slower pace than the headline inflation rate, StatsCan said.