BREAKING: Canada's inflation rate fell to 2.8 per cent in June, its lowest level in more than two years.
Statistics Canada said a sharp decline in the price of gasoline compared to this time last year was the biggest reason for the drop, which brought Canada's official inflation rate down to its lowest point since March 2021.
"This was a result of both lower prices for cellular data plans and promotional pricing," Statistics Canada said.in April, and at least in the short term, the result has been a flurry of promotional offers between the telecom giants.
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