Yahoo Finance Canadian Annual Inflation 2.2% in September
Investing.com - 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.
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