Canadian inflation slowed to 2.2% in August


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%.

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