👉Canada's inflation reached 2.9% in March, in line with expectations, while core inflation continued its decline for the third consecutive month. Gasoline prices drove the annual rate increase, while excluding gasoline, inflation slowed to 2.8%. Monthly, the Consumer Price Index rose by 0.6%. Economists anticipated a 2.9% rise. Despite predictions, CPI eased to 2.8% in February. The Bank of Canada maintained the benchmark interest rate at 5%, hinting at a possible cut in June. Governor Tiff Macklem expects core inflation to gradually decrease, but with rising gas prices, CPI may linger around 3%.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #CanadaInflation #EconomicUpdate #BankofCanada #GasPrices #InflationTrends #EconomicOutlook #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada data reveals that Canada's annual inflation rate declined to 2.8% in June, marking a 27-month low. Despite this drop, food prices remain elevated. The figure came in lower than analysts' expectations, who had predicted a decline to 3.0% from May's 3.4%. The consumer price index also saw a modest increase of 0.1% month-over-month, falling short of the anticipated 0.3% gain. This latest reading places the annual rate within the Bank of Canada's controlled range of 1% to 3% for the first time since March 2021.✅ . . #InflationRate #ConsumerPriceIndex #FoodPrices #EconomicData #StatisticsCanada #BankofCanada #InflationTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews