👉Canada's inflation rate rose to a new multi-decade high of 5.7 per cent last month, as the price of everything from gasoline to groceries to shelter rose swiftly. Statistics Canada reported Wednesday that the inflation rate was the highest it's been since August of 1991. It's up from January's level of 5.1 per cent, and even higher than the 5.5. per cent that economists were expecting. Energy prices were a major factor in the increase, as the ongoing crisis in Ukraine started ratcheting up prices during the month and into the next. Retail gasoline prices jumped by 6.9 per cent in the month of February alone and were up by almost a third compared to the same period last year.✅ . . #inflationrate #malayalisnearme #canadainflationrate #canada #dailynews #dailynewscanada #livingexpenseincanada

👉Canada's inflation rate cooled to 7%. Economists had been expecting the rate to come in at 7.3 per cent, after inflation rose to a 40-year high of 8.1 per cent earlier this su Instead, the rate fell by even more than expected, in large part because gasoline got much cheaper during the month. Gas prices fell by 9.6 per cent in August from where they were the previous month. That is the biggest one-month drop in gasoline prices since April 2020, when the pandemic was just beginning.✅ . . #Inflationrate #Canadainflationrate #latestinflationrate #gasolineprice #gasprice #foodpricecanada #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Largest annual increase in cost of living since GST was implemented. Canada's inflation rate rose to 6.7% in March, far more than the economists were expecting and a full percentage point higher than February's already 30-year high.✅ . . #inflationrate #malayalisnearme #canadainflationrate #canada #dailynews #dailynewscanada #livingexpenseincanada #mnm #malayalisnearmeapp

👉The annual inflation rate in Canada fell to 6.3% in December, while the cost of food remained high and petrol prices fell. Statistics Canada reported in its latest consumer price index, issued Tuesday, that grocery costs continued to rise in Canada last month compared to a year earlier.✅ . . #annualinflationrate #canadainflationrate #canadainflation #inflationratecanada #canadafoodprice #inflation #inflationcanada #mnm #malayalisnearmeapp #canadaupdate #canadanews