Inflation could spike to 3% or more on rising gas prices


For example, the unadjusted CPI was 0.5 per cent month over month, below the consensus of 0.7 per cent. Core inflation year-over-year slowed to two per cent, undershooting expectations for 2.1 per cent. And headline CPI at 1.8 per cent — a seven-month low — also sat below estimates.



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