Inflation rose to 1.9% in January, low-free price of GST-free goods compensates for high energy costs star-news.press/wp

The Canadian Consumer Price Index rose to 1.9% in January, which have been higher energy prices that weigh in general inflation, in part the tax of federal tax holidays, Statistics Canada said on Tuesday.

The first month of January had GST vacation in force.

Meanwhile, energy prices rose by 5.3 percent in January in January, a temporary jump in the previous month.

The prices of the gas pump rose by 8.6 per cent in the last month, compared to a year, with the highest increase in Manitoba, the provincial fuel tax was re-entered at a lower rate. Discarded gas, inflation reached 1.7 percent.

Food inflation fell compared to the same period last year, marking the decrease in the first year since May 2017. Discount caused the decline of food purchased in restaurants.

Andrew Saves, in the Canada Commerce Chamber, said he helped the smaller prices of food, alcohol and clothing during the GST holiday.

“The main inflation still shows permanent underlying pressure, and the volatile elements like energies will continue to swing in the next few months,” he wrote daples.

“However, the Bank of Economic Activities in the Price Price Price Prices and Fourth Quarter will find out to maintain interest rates at the Canadian Bank at a March meeting.”