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flag Canada's inflation rate hit 1.9% in January, driven largely by a sharp rise in gas prices.

flag Canada's annual inflation rate rose to 1.9% in January, according to Statistics Canada, driven by a significant increase in gas prices. flag Gas prices experienced an 8.6% year-over-year jump, largely due to a 25.9% rise in fuel costs. flag The federal government's tax break initially provided relief but was offset by the surge in gas prices, leading to an acceleration in underlying inflation.

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