Canada's annual inflation rate inched up to 1.9% in January from the previous month as higher gasoline and natural gas costs reduced the impact of a sales tax reprieve on broader consumer prices, official data showed on Tuesday.

Canada's consumer price index rose to 1.9 per cent in January, with higher energy prices putting upward pressure on overall inflation, Statistics Canada said on Tuesday. The headline number was offset by the federal government's tax holiday,

Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as Canada's annual inflation rate ticked back up in January.

Canada's annual inflation rate rose 1.9% in January, up from 1.8% in December as lower prices helped by a sales tax reprieve were partly offset by higher cost of gasoline and natural gas, data showed on Tuesday.

Canadian inflation would have accelerated further in January were it not for Ottawa’s tax holiday, putting the Bank of Canada in an awkward position when it comes to its next interest rate decision ,

OTTAWA — Canada's annual inflation rate ticked back up in January to 1.9 per cent, Statistics Canada reported on Tuesday.

Canada's annual inflation rate edged up to 1.9% in January, as higher energy prices offset the effect of the GST/HST "holiday" on food and certain other items, Statistics Canada said on Tuesday. Analysts had expected annual inflation rate to rise to 1.

Canada’s inflation rate climbed to 1.9 per cent in January, up from 1.8 per cent the month before, as Canadians faced increased energy costs to start the year, Statistics Canada said on Tuesday. Energy prices rose 5.