Total inflation is much lower, because of past declines in fuel prices. (bankofcanada.ca)
But while the headline numbers were strong, after stripping out the fading impact of past declines in energy costs, core inflation over the same period remained subdued at just 0.9 %. (us.beyondbullsandbears.com)
Total inflation, however, remains much lower than the underlying trend because of past declines in fuel prices. (bankofcanada.ca)