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Canada: Inflation rises in September from August
Latest reading: Consumer prices increased 2.4% in annual terms in September, following a 1.9% increase in the prior month. September’s reading was above market expectations but within the Central Bank’s 1.0–3.0% inflation target range.
Relative to the previous month’s figures, there were higher price pressures for transportation (+1.4% in annual terms vs -0.1% in August), food (+3.9% vs +3.6% in August) and recreation and culture (+1.6% vs +0.5% in August). In contrast, price pressures reduced for clothing and footwear in September(+1.3% vs +1.6% in August). Finally, the variation in housing prices was the same as in the prior month (+2.6% in September and August).
Meanwhile, core consumer prices increased 2.8% on a year-on-year basis in September, following a 2.6% rise in the prior month.
Lastly, consumer prices rose 0.06% in September in month-on-month terms, following a 0.06% decline in the prior month.
