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Canada’s inflation rate ticked up to 3.1% in September as gasoline prices rose, while gauges of underlying price pressures eased.
Canada's annual inflation rate rose to 3.1 per cent in September, Statistics Canada said on Monday, which according to some economists leaves the Bank of Canada in a difficult position ahead of its rate announcment later this month.
Canada's inflation rate rose to 3.1% in September as gasoline jumped 27.8% and fuel oil 57.8%, setting up the Bank of Canada's Oct. 28 decision.