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Canada's annual inflation rate rose to 3.1% in September
Gasoline and diesel pushed the consumer price index above the Bank of Canada’s upper limit again, while core inflation eased to 1.9%, Statistics Canada said.
- Canada's annual inflation rate rose to 3.1% in September, Statistics Canada data released on Monday showed, pushing the CPI above the Bank of Canada's upper limit after three months.
- Following a 15.4% rise the previous month, energy prices surged 19% on an annual basis, with gasoline costs specifically climbing 27.8% year on year.
- Rents increased by 2.8% in September, while Grocery prices rose at a slower pace of 1.7% and Air transportation costs jumped 19.4% compared to the previous year.
- Money markets are betting the Bank will hold its rate at 2.25% on October 28, although they are pricing in a 25 basis point hike later this year.
- The September report provides the final CPI data before the BoC's upcoming monetary policy decision, as The BoC Governor Tiff Macklem indicated new forecasts will show higher inflation in Canada.
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In Canada, consumer prices (CPI index) increased by 3.1 per cent in annual terms in September after an increase of 3 per cent a month earlier, as reported by the country ' s statistical office.
Ckpg Today+2 Reposted by 2 other sources
Here’s a list of September inflation rates for Canadian provinces
OTTAWA — Canada's annual inflation rate was 3.1 per cent in September, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 4.7 per cent (4.3) — Prince Edward Island: 5.7 per cent (4.4...
·Prince George, Canada
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Coverage Details
Total News Sources44
Leaning Left19Leaning Right2Center15Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 42%
Factuality
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