Canada's telecom prices dropped 26.5% for cellphone plans and 13.2% for internet, contributing to a lower national inflation rate.
Canada's telecom prices have dropped 26.5% for cellphone plans and 13.2% for internet access year-over-year, contributing to a lower national inflation rate (2.8% in Feb, down from 2.9% in Jan). Statistics Canada attributes this to lower prices for new plans and increased data allowances. The consumer price index report identified cellular and internet services as key drivers of the inflation rate decrease.
March 19, 2024
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