Inflation, Canada
Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.
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Inflation picked up for a fourth straight month ... late January as inflation remained stuck just below 3%. Wednesday’s report on consumer price increases almost certainly will lead Fed ...
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