👉In a reversal of its downward trajectory, Canada's inflation rate experienced an unexpected upswing, reaching an annual rate of 4.4%. Prior to the release of new data by Statistics Canada, economists anticipated a slight easing from the previous month's 4.3% to around 4.1%. However, the inflation rate surpassed expectations by rising once again, driven by higher costs in categories such as gasoline, rent, and mortgages. Notably, this marks the first acceleration in the cost of living since June 2022, when Canada encountered its highest inflation rate in over four decades at 8.1%. ✅ . . #CanadaInflation #UnexpectedUpswing #EconomicData #CostOfLiving #HigherCosts #GasolinePrices #RentIncreases #mnm #malayalisnearmeapp #canadaupdate #canadanews