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flag In September, Canada's annual inflation rate fell to 1.6% due to a 10.7% decline in gasoline prices.

flag 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. flag Excluding gasoline, inflation was at 2.2%. flag Rent rose 8.2%, while food prices in stores increased by 2.4%. flag 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%. flag Further cuts may follow, depending on economic assessments.

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