👉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