Canadian Annual Inflation 2.2% in September

Canadian Annual Inflation 2.2% in September

Oct 19, 2018

The overall rate of inflation in Canada rose less than expected in September, Statistics Canada said on Friday.

The consumer price index rose 2.2% last month, compared with the same month a year earlier.

Prices fell by 0.4% from a month earlier.

Economists had expected annual inflation to decrease by 2.7% and monthly inflation to fall by 0.1%.

Core inflation, which excludes gasoline, was up 1.5% from a year earlier and was flat from the previous month.

The Bank of Canada aims to keep inflation at 2%, the midpoint of a target range of 1% to 3% over the medium term. The central bank is expected to increase rates at its meeting next week.

Join Libertex!

Practice for free on a demo account with 50,000 euro

Register
or start live trading now