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Canada's inflation rate hit 1.9% in January, driven largely by a sharp rise in gas prices.
Canada's annual inflation rate rose to 1.9% in January, according to Statistics Canada, driven by a significant increase in gas prices.
Gas prices experienced an 8.6% year-over-year jump, largely due to a 25.9% rise in fuel costs.
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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La tasa de inflación de Canadá alcanzó el 1,9% en enero, impulsada en gran medida por un fuerte aumento de los precios del gas.