Canada's Inflation Hits 29-Month High as Petrol Prices Surge 33%
Canada's inflation rate has climbed to a 29-month high, driven primarily by a sharp rise in fuel costs. Petrol prices surged 33.2% on an annual basis, leading the overall increase. Elevated oil prices are the main factor behind the jump in the inflation index. The data could influence upcoming Bank of Canada interest rate decisions.
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