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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.
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Bank of CanadaBank of Canada
Canadian EconomyCanadian Economy
Statistics CanadaStatistics Canada
EconomyEconomy
InflationInflation
Interest RatesInterest Rates
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