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Economists expect December inflation went up, trend still points to slowdown

Prices still rising, but at slower rate, say experts
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Economists are forecasting Canada’s inflation rate likely ticked up last month, but that isn’t expected to set off alarm bells as long as underlying price pressures ease. Motorists fuel up vehicles at a Shell gas station in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Economists are forecasting Canada’s inflation rate likely ticked up last month, but that isn’t expected to set off alarm bells as long as underlying price pressures ease.

Statistics Canada is scheduled to release its December consumer price index report on Tuesday, offering a look at the overall inflation rate for 2023.

Forecasters are expecting December’s rate to come in above November’s 3.1

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