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Canada Inflation Heats Up in September on Higher Gas Prices
Original: Canada Inflation Heats Up in September With Jump in Gas Prices
Canada's inflation rate accelerated in September, driven largely by a jump in gasoline prices, according to the Wall Street Journal. The uptick is drawing attention as Canadians weigh the impact on household costs and as the Bank of Canada faces fresh questions about whether price pressures will shape its next interest rate decision.
Why now: Newly released September inflation data showed prices rising faster than expected because of fuel costs, prompting debate about the outlook for interest rates.
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