Canada's inflation up from 1.8% to 1.9% in January - Breaking The News

Canada's inflation up from 1.8% to 1.9% in January

18 February

1 min read

EPA-EFE/ROMAN PILIPEY

Annual inflation in Canada stood at 1.9% in January, compared to 1.8% in December 2024, Statistics Canada said in a report on Tuesday. Month-on-month, the consumer price index (CPI) increased by 0.1%.

The rise in CPI was mainly attributed to energy prices, which jumped 5.3% compared to January 2024. Meanwhile, food prices fell 0.6% on a yearly basis, the first annual drop since May 2017, driven by a 5.1% drop in prices for food purchased from restaurants.

data cpi

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