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Are Canadian and American inflation rates different?
Rounding it up
Inflation rates are different in Canada and the US.
Although the Canadian and American economies are closely connected, there are different factors at play when it comes to inflation on either side of the border.
Some of the factors that affect the rate of inflation include local events, economic cycles, and government intervention.
These factors affect inflation differently in Canada than in the US, so the inflation rates in each country are rarely ever exactly the same, even if they tend to rise and fall at similar times.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
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