Canada’s inflation eases to 1.9 % driven by lower interest rates
December 18, 2024
Canada’s November inflation dipped to 1.9%, thanks to lower mortgage interest costs and travel expenses. However, grocery prices remain 2.6% higher than last year, impacting consumers. While the Bank of Canada reached its inflation target, core measures remain elevated. Rent continues to climb, but Black Friday deals offered relief on some goods.
