Canada inflation slips to 1.6% on lower gas prices
- Canada’s annual inflation rate fell to 1.6% in September, mainly due to lower gasoline prices.
- Analysts had predicted a decrease to 1.8%, showing the slowdown was sharper than expected.
- The decline in inflation is associated with a 10.7% drop in gasoline prices, according to Statistics Canada.
90 Articles
90 Articles
Canada’s inflation rate slows to its slowest pace in 5 years
Annual inflation falls to 1.6% in September, smallest yearly increase since 2021
This was the lowest price increase recorded since February 2021.
Nigeria’s inflation climbs to 32.70% in September amid rising fuel costs
The urban inflation rate rose to 2.67% in September, while rural inflation also climbed to 2.39%, indicating that inflationary pressures are affecting both city dwellers and rural residents. Nigeria's inflation rate surged to 32.7% in September, marking a 0.55% rise from August's 32.15%, according to the National Bureau of Statistics (NBS). The inflation spike has been largely driven by escalating fuel costs and increased food prices. The Nati…
Annual Inflation Falls to 1.6% in September, Smallest Yearly Increase Since 2021
Statistics Canada says the annual inflation rate continued to slow in September as drivers paid lower prices for gasoline than they did last year. The agency said Tuesday its consumer price index for September was up 1.6 percent from a year ago compared with a year-over-year increase of two percent in August. It was the slowest annual pace for inflation since February 2021 when it was 1.1 percent. Gasoline prices in September fell 10.7 percent c…
Annual inflation falls to 1.6% in September, smallest yearly increase since 2021
Statistics Canada says the annual inflation rate continued to slow in September as drivers paid lower prices for gasoline than they did last year. The agency said Tuesday its consumer price index for September was up 1.6 per cent from a year ago compared with a year-over-year increase of two per cen...
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