Yahoo Finance Canadian Inflation Rises Less Than Forecast in September
Investing.com – Canadian inflation rose less than forecast in September, according to official data released on Friday.
According to the report from Statistics Canada, consumer price index (CPI) for September increased 0.2% from the previous month, missing forecasts for a 0.3% gain and after a 0.1% rise in August.
Year-on-year, CPI advanced 1.6% last month, in line with expectations and compared to an increase of 1.4% in August.
Core inflation, which excludes food and energy, increased 0.2% in September, compared to the previous month’s flat reading.
Year-on-year, core CPI advanced 0.8% in September, compared to a previous 0.9% increase.
The Bank of Canada’s next monetary policy announcement is scheduled for Wednesday, October 25.
After the report, which was released simultaneously with Canadian retail sales, USD/CAD traded at 1.2567, compared to 1.2494 prior to the release.
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