US EditionCanada's annual inflation rate rises to 2.4% in September
Canada's Consumer Price Index rose 2.4% in September, surpassing expectations as core inflation stayed above 3%, influencing the Bank of Canada's upcoming interest rate decision.
- On Oct. 21, 2025, Statistics Canada said the Consumer Price Index rose 2.4 in September, exceeding expectations and up from August's 1.9.
- Rising grocery costs showed annual price hikes above April 2024 lows, driven by fresh vegetables, sugar and confectionary gains, and persistent beef and coffee supply issues last month.
- Core gauges showed the Bank of Canada's preferred core inflation measures held above three per cent last month, while the unemployment rate rose to 7.1 per cent.
- Heading into the Oct. 29 decision, investors were pricing in a quarter-point cut next week as the September reading is the Bank of Canada's last look at price data.
- After assessing tariff fallout, the Bank's governing council decided to keep borrowing costs at 7.1 per cent by September, amid U.S. duties impacting exports.
54 Articles
54 Articles
BREAKING: Grocery prices surge once again: Statscan
Source: Wikimedia CommonsAuthor: Quinn PatrickCanadians felt the pinch at the grocery store last month as food prices continued to climb, contributing to a 2.4 per cent annual increase in the Consumer Price Index (CPI) for September. Economists had expected a 2.2 per cent increase.Grocery prices rose 4 per cent year-over-year in September, following a 3.5 per cent increase in August, according to Statistics Canada’s latest report.Source: Stats C…
Sask Today
September inflation report muddies the water for the Bank of Canada
OTTAWA — Some economists say surprisingly strong September inflation figures will give the Bank of Canada pause ahead of its interest rate decision next week. Annual inflation accelerated to 2.4 per cent last month, Statistics Canada said Tuesday.
sarnianewstoday.ca
Grocery prices put upward pressure on inflation in September
Inflation in Canada crept up half a percentage point in September to 2.4 per cent, up from 1.9 per cent in August.The cost of groceries helped drive the rate up. Food costs jumped four per cent from last year. Fresh vegetable prices increased 1.9 per cent after a two per cent August drop. Sugar and confectionery rose 9.2 per cent. Fresh or frozen beef and coffee increased due to low supply.Filling up at the gas station cost Canadians 4.1 per cen…
Canada’s Annual Inflation Rate Rises to 2.4% in September
OTTAWA—Canada’s annual inflation rate increased to 2.4 percent in September mainly led by a smaller decline in gasoline prices on a yearly basis when compared with the previous month and rise in food prices, data showed on Tuesday. This is the most crucial data point to be released before the Bank of Canada meets for its next monetary policy decision scheduled for later this month and will be closely watched by economists to gauge where the bank…
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