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In September, Canada's annual inflation rate fell to 1.6% due to a 10.7% decline in gasoline prices.
Canada's annual inflation rate dropped to 1.6% in September, the lowest since February 2021, primarily due to a 10.7% decline in gasoline prices.
Excluding gasoline, inflation was at 2.2%.
Rent rose 8.2%, while food prices in stores increased by 2.4%.
This data precedes the Bank of Canada's interest rate decision on October 23, following three cuts this year, lowering the rate to 4.25%.
Further cuts may follow, depending on economic assessments.
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En septiembre, la tasa de inflación anual de Canadá cayó al 1,6% debido a una caída del 10,7% en los precios de la gasolina.