Canadian inflation slowed to 2.2% in August

109459

In September, consumer prices in Canada rose by 2.2% relative to the same month a year earlier, Dominion Bureau of Statistics reported. In the previous month, consumer price growth was at the level of 2.8%. Compared with August, the decline was 0.4%. Economists had predicted a growth of the first indicator of 2.7%, of the second one – by 0.1%. Food for the month fell by 0.7%, gasoline – by 1.1%. Transport costs fell 2.1%. In September, there was a rise in housing prices by 0.2%, clothing and footwear – by 2.5%. The state administration also reported a decline in retail sales in August by 0.1% compared with July to 50 billion 758 million Canadian dollars. The annual rate increased by 3.6%. Excluding cars, sales decreased by 0.4%. According to experts, a decrease of 0.1% was expected. The indicator in annual terms increased by 4.3%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: