{"id":45010,"date":"2024-03-19T15:46:52","date_gmt":"2024-03-19T15:46:52","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/19\/inflation-surprises-in-february-what-the-economists-say\/"},"modified":"2024-03-19T15:46:52","modified_gmt":"2024-03-19T15:46:52","slug":"inflation-surprises-in-february-what-the-economists-say","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/19\/inflation-surprises-in-february-what-the-economists-say\/","title":{"rendered":"Inflation surprises in February: What the economists say"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Inflation slows more than expected, raising odds of Bank of Canada interest rate cut in June<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Mar 19, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<\/p><\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Grocery store prices rose 2.4 per cent in February, marking the first time they rose at a slower pace than overall inflation since October 2021.<\/span> <span class=\"credit\">Photo by Scott Olson\/Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Canada\u2019s inflation numbers for February flummoxed analysts again, slowing to 2.8 per cent year over year instead of rebounding to 3.1 per cent as most analysts predicted.<\/p>\n<p data-async=\"\">In January, the headline number for the consumer price index (CPI) came in at 2.9 per cent, also lower than analysts expected.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Here\u2019s what economists think February\u2019s surprise fall could mean for the Bank of Canada and interest rate cuts.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment31044338216925646211932305227776\" 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https:\/\/dcs-static.gprod.postmedia.digital\/15.6.0\/websites\/images\/identity\/logo-identity-fp.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/15.6.0\/websites\/images\/identity\/logo-identity-fp.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/15.6.0\/websites\/images\/identity\/logo-identity-fp.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/15.6.0\/websites\/images\/identity\/logo-identity-fp.svg 1600w\" alt=\"Financial Post\" class=\"market-logo\" height=\"37\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/15.6.0\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"\/><\/p>\n<div class=\"intro-body__premium hidden\">\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, Victoria 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Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h2>April cut \u2018unlikely\u2019: Capital Economics<\/h2>\n<p>The Bank of Canada\u2019s preferred measures of inflation fell below the three per cent target for the first time since April 2021, Stephen Brown, deputy chief North America economist for Capital Economics Ltd., said in a note.<\/p>\n<p>CPI-trim and CPI-median slowed to 2.9 per cent on a three-month annualized basis, falling within the central bank\u2019s inflation target range of one per cent to three per cent.<\/p>\n<p>\u201cWhile the data support our view that inflation will fall to two per cent sooner than the bank anticipates,\u201d he said, \u201cgovernor Tiff Macklem has told us that the bank needs to see at least \u2018a few\u2019 encouraging data points before it cuts interest rates.\u201d<\/p>\n<p>The Bank of Canada announces its next decision on April 10, but Brown thinks a cut at that meeting is unlikely.<\/p>\n<p>\u201cOur forecast for a cut in June is arguably now looking more likely than the 70 per cent probability currently priced into markets,\u201d he said.<\/p>\n<h2>\u2018Sigh of relief\u2019: Desjardins Group<\/h2>\n<p>\u201cMonetary policymakers will be able to breathe a sigh of relief after seeing these numbers,\u201d Royce Mendes, managing director and head of macro strategy at Desjardins Financial, said in a note.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot25 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories4413599645853598397886584001134592\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img 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Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment8539900996860405155173962367369216\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Inflation is weaker than the Bank of Canada previously estimated and February\u2019s CPI report provides proof of that, he said, pointing out that core inflation, excluding food and energy, slowed to 2.8 per cent from 3.1 per cent in January.<\/p>\n<p>Prices have cooled across a broad swath of components in the CPI basket, with the share of items rising more than three per cent \u2014 \u201ca metric closely watched by governor (Tiff) Macklem\u201d \u2014 shrinking to 40 per cent from 45 per cent.<\/p>\n<p>\u201cWe expect central bankers will sound more dovish in April, thereby setting up a rate-cutting cycle beginning in June,\u201d Mendes said.<\/p>\n<section aria-labelledby=\"moreTopicLabel8045171670052033645841648057319424\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" 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https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=80&sig=RvF-qguwGjo4UoVgHewCqw\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=5&sig=nDOc2WkFgdt3UXY3T5j-gg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=96&strip=all&quality=80&sig=RvF-qguwGjo4UoVgHewCqw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=192&strip=all&quality=80&sig=CrJKGaY0VQv2WSPG5LLfAw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/no0315boc.jpg?h=288&strip=all&quality=80&sig=JqGn9q3HheVZezf8FzJ-_A 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Bank of Canada urged to move &#8216;aggressively&#8217; on rate cuts<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" grow=\"\" that=\"\" the=\"\" bank=\"\" of=\"\" canada=\"\" will=\"\" wait=\"\" too=\"\" long=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Bank of Canada \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=80&sig=Pw7S8HSdgCA9I-SoAzwKTA\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=5&sig=Bnmul9amoJuukL6lKijETQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=96&strip=all&quality=80&sig=Pw7S8HSdgCA9I-SoAzwKTA, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=192&strip=all&quality=80&sig=Szv6P9h0YVfJrGnbAh8IUg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/03\/bank-of-canada-0312-ph.jpg?h=288&strip=all&quality=80&sig=5MCbuT2zU94cY_jA8tApqQ 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Risks grow that the Bank of Canada will wait too long<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<h2>\u2018Ample evidence\u2019: Canadian Imperial Bank of Commerce<\/h2>\n<p>\u201cThere was unambiguously good news on the inflation front in Canada in February,\u201d Katherine Judge, an economist at CIBC Capital Markets, said in a note.<\/p>\n<p>It was the second consecutive time inflation came in cooler than expected, and provides \u201cample evidence that higher interest rates are working to tame inflation,\u201d she said.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3542348167440948580676007551303680\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Judge said the Bank of Canada will bypass \u201cvolatile\u201d items such as gasoline and grocery prices in its analysis of the data to get a \u201cbetter signal\u201d from the core numbers.<\/p>\n<p>\u201cOn that score, virtually every core measure looked more encouraging,\u201d Judge said, highlighting that services, excluding shelter, slowed to 1.6 per cent year over year.<\/p>\n<p>That shows weak consumer demand is taking its toll on services and likely translates to a slowing in wage growth, something the Bank of Canada said it needed to see before it would start cutting interest rates.<\/p>\n<p>\u201cThis report is clearly encouraging from the Bank of Canada\u2019s perspective \u2026 even though they will likely want to wait to see more evidence of the labour market loosening before pulling the trigger on interest rate cuts in June,\u201d Judge said.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Inflation surprises in February: What the economists say<\/a><br \/>\n<br \/>2024-03-19 15:46:52<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Inflation slows more than expected, raising odds of Bank of Canada interest rate cut in June Published Mar 19, 2024 \u00a0\u2022\u00a0 3 minute read Grocery&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/food-inflation-0319-ph.jpg?quality=90&strip=all&w=288&h=216&sig=wtHm0CWeYTj205lmDsLoZA","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-45010","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=45010"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/45011"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=45010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=45010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=45010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}