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Headline CPI inflation moved slightly lower in February to 2.8% year-on-year (y/y), against expectations for an uptick. Softer inflation at grocery stores was part of the story in February. Grocery price increases cooled from 3.4% y/y in January to 2.4%. This marks the first time since 2021 that grocery inflation was below headline inflation. In […]

The post Canada: Inflation Surprises With a Downtick in February appeared first on Action Forex.

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