For the third time since 2022, Canada’s headline inflation rate reversed course and trended back upward in December. Headline inflation rose 3.4% last month, Statistics Canada reported today. That’s up from the 3.1% growth in November and was expected by economists. StatCan noted that the increase was largely due to base effects, which refers to the impact of price movements from 12 months earlier on the current month’s CPI. In this case, gas prices in December 2022 fell more than […] 

For the third time since 2022, Canada’s headline inflation rate reversed course and trended back upward in December. Headline inflation rose 3.4% last month, Statistics Canada reported today. That’s up from the 3.1% growth in November and was expected by economists. StatCan noted that the increase was largely due to base effects, which refers to the impact of price movements from 12 months earlier on the current month’s CPI. In this case, gas prices in December 2022 fell more than  Mortgage Rates & Mortgage Broker News in Canada