September brought some welcome relief, as the Consumer Price Index (CPI) dipped to 3.8% year over year, thanks to lower prices in travel-related services, durable goods, and groceries. However, the Bank of Canada (BoC) has been taking an aggressive stance on interest rate hikes to combat inflation. The recent deceleration in inflation may have some economists wondering whether the BoC will be less aggressive in its upcoming meeting. What are your thoughts on this balancing act between inflation and interest rates? Share your insights in the comments below. Kingsly Stanly Sales Representative 📞 +1 (647) 761 9471 📧 [email protected] Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly #InflationWatch #InterestRatePolicy #EconomicBalancingAct #CentralBanking #BoCDecisions #CPIAnalysis #MonetaryPolicy #EconomicIndicators #PriceStability #MacroEconomics #BoCMeeting #EconomicOutlook #PolicyDynamics #ConsumerPrices #FinancialMarkets

👉Canada's annual inflation rate held steady at 3.1% in November, according to Statistics Canada. The report indicates that higher prices for recreation and clothing contributed to inflation pressures. However, there's positive news on the grocery front, with the pace of price increases slowing for a fifth consecutive month. Grocery prices rose 4.7% year-over-year, marking a slowdown from October's 5.4%. The Bank of Canada has maintained its key interest rate at 5%, citing encouragement from the economic slowdown and easing inflation. Governor Tiff Macklem acknowledged potential challenges but did not rule out another rate hike.✅ . . #EconomicUpdate #FinancialNews #ConsumerPrices #InflationData #CanadianFinance #CanadaInflation #CanadFoodPrice #mnm #malayalisnearmeapp #canadaupdate #canadanews

September brought some welcome relief, as the Consumer Price Index (CPI) dipped to 3.8% year over year, thanks to lower prices in travel-related services, durable goods, and groceries. However, the Bank of Canada (BoC) has been taking an aggressive stance on interest rate hikes to combat inflation. The recent deceleration in inflation may have some economists wondering whether the BoC will be less aggressive in its upcoming meeting. What are your thoughts on this balancing act between inflation and interest rates? Share your insights in the comments below. Kingsly Stanly Sales Representative 📞 +1 (647) 761 9471 📧 [email protected] Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly #InflationWatch #InterestRatePolicy #EconomicBalancingAct #CentralBanking #BoCDecisions #CPIAnalysis #MonetaryPolicy #EconomicIndicators #PriceStability #MacroEconomics #BoCMeeting #EconomicOutlook #PolicyDynamics #ConsumerPrices #FinancialMarkets

👉Statistics Canada has reported that Canada's annual inflation rate decelerated to 3.8% in September, offering a respite following the recent surge. After hitting four per cent in August, the latest data reveals a slower year-over-year increase in prices across the economy. Notable factors contributing to this shift include reduced airfare costs and a decline in prices for durable goods. While grocery prices continued to rise, the pace of growth slowed to 5.8% in September, down from 6.9% in August. In contrast, higher gasoline prices added pressure to inflation, with a 7.5% increase compared to September 2022. This data arrives just ahead of the Bank of Canada's forthcoming interest rate announcement and updated inflation forecast, as economic observers keenly monitor the nation's economic trends.✅ . . #Canada #InflationRate #Economy #SeptemberInflation #Business #EconomicData #ConsumerPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's inflation rate recorded its largest slowdown since April 2020 in February, with an annual increase of 5.2% compared to 5.9% in January. This is the lowest rate since January 2022, when it was at 5.1%. The decrease was attributed to the steep monthly price hike in February 2022, during the Russian invasion of Ukraine, according to Statistics Canada. However, grocery prices remained high and increased more than the overall inflation rate.✅ . . #CanadianEconomy #Inflation #ConsumerPrices #StatisticsCanada #PriceIndex #GasolinePrices #TelecomServices #EconomicIndicators #mnm #malayalisnearmeapp #canadaupdate #canadanews