The Globe and Mail reports in its Thursday edition that Canada's annual inflation rate decelerated last month to its slowest pace in more than a year, Statistics Canada said Wednesday.
A Canadian Press dispatch to The Globe reports that the inflation rate of 1.4 per cent in January followed the 2-per-cent reading for December.
Economists had expected an increase of 1.5 per cent.
Canadians paid 14.2 per cent less last month for gasoline compared with a year earlier, 9.2 per cent less for computer devices and 3.2 per cent less for traveller accommodation.
Prices for fuel oil fell 3.3 per cent and natural gas dropped 2.3 per cent.
Excluding gasoline, inflation was 2.1 per cent last month.
Weaker prices in categories such as energy offset stronger growth in other areas. Year-over-year prices last month were 13.2 per cent higher for fresh vegetables, 7.8 per cent higher for mortgage interest costs and 5.3 per cent higher at restaurants.
The Bank of Canada makes its policy decision Wednesday, though it is widely expected to leave the interest rate unchanged at 1.75 per cent.
CIBC World Markets analyst Royce Mendes said Wednesday he expects the BOC to hold interest rates steady for now.
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