Canada’s Annual Inflation Rate Increases to 1.9% in January

Canada’s Annual Inflation Rate Increases to 1.9% in January
People shop for fruits and vegetables at a supermarket in Ottawa, on March 27, 2023. Reuters/Patrick Doyle
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OTTAWA—Canada’s annual inflation rate inched up to 1.9 percent in January from the previous month as higher gasoline and natural gas costs reduced the impact of a sales tax reprieve on broader consumer prices, official data showed on Tuesday.

The core measures of the consumer price index, which have not declined as fast as the inflation rate in the past few months, edged up too.