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Breadth Of Inflation Improves In February But Still Room To Go

CANADA DATA
  • Adding to the above, Desjardins write "The share of components rising faster than 3% a year, a metric closely watched by Governor Macklem, has fallen to roughly 40% from 45% in January."
  • Recall Macklem said in the BoC press conference that the 45% was roughly double what is normal, but the measure, which had been 50% in Dec, was also down from 80% at one point after the pandemic.

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