Shiu-Yik Au, an assistant professor of finance at the University of Manitoba’s Asper School of Business, said the price of gas has an outsized role on the inflation rate because energy costs impact many other factors, ranging from grocery prices to business expenses.

Still, a slowing inflation rate could be a sign that Manitoba’s economy is slumping, Au said. He noted the Bank of Canada prefers inflation rate growth in the range of one to three per cent.

“We’re starting to drift toward the too few, too little” category, Au said.

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