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Canada’s inflation rate rises to 5.1%

TNC: 'Statistics Canada says Canada’s annual pace of inflation has surpassed 5% – the first time in January since September 1991.

'Canada’s inflation rate rose 5.1% on a year-over-year basis and up from a 4.8% gain in December 2021.

'According to the agency, in the month of January, “prices rose in all major components on a year-over-year basis, with shelter prices (+6.2%) contributing the most to the all-items increase.”'

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