Canadian inflation hits levels not seen since 1991

Canadian inflation rate topped estimates

Canadian inflation has an effect on the economy whether it’s interest rates, mortgage rates, gas prices or any other thing we require as a good or service. (Getty Images)

Canadian inflation topped 5 per cent in January, for the first time since September 1991.

Statistics Canada says the Consumer Price Index (CPI) rose 5.1 per cent year-over-year, higher than estimates of 4.8 per cent. It was 4.8 per cent in December.

For the sake of comparison, the CPI increased 1 per cent in January 2021 on a…


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