US EditionEconomists expect annual inflation rate fell in October, driven by lower gas prices
Lower gasoline prices and tariff removals are expected to ease inflation to 2.1%, despite rising food costs and persistent service inflation, economists say.
- Forecasters at RBC and Desjardins projected Canada’s annual inflation for October at 2.1 per cent, down from 2.4 per cent in September, The Canadian Press reported.
- Nathan Janzen at RBC says the removal of the carbon tax earlier this year and Desjardins says lifting most retaliatory tariffs in September should ease inflation pressure in coming months.
- RBC notes that gasoline prices were down five per cent in October, while food price inflation should remain around 3.8 per cent.
- Despite easing headline rates, analysts note Nathan Janzen cautions inflation still shows upward pressure despite carbon tax removal earlier this year, while RBC says robust consumer spending bolsters prices amid rising unemployment.
- Forecasters project October's inflation will ease to 2.1 per cent from 2.4 per cent, with Desjardins saying tariff removals should help ease pressure in the coming months.
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Inflation: Price rises set to ease in reprieve for households after September peak
UK inflation appears to have reached its zenith at 3.8 per cent in September 1, with analysts expecting a decline when October's Consumer Prices Index data is released on Wednesday.The September rate matched July and August, according to the Office for National Statistics (ONS). Multiple economists anticipate the October reading will show a fall to around 3.5 per cent, marking the first decline after months of elevated price pressures. The Bank …
Economists expect annual inflation in October to slow down from September, as lower gasoline prices have helped offset increases in other sectors.
castanet.net
The Epoch TimesEconomists expect annual inflation rate fell in October, driven by lower gas prices (Canada)
Economists expect October's annual inflation reading will show an easing from September as lower gasoline prices helped offset increases elsewhere. Forecasters at RBC and Desjardins say they think the annual inflation rate for October will come in at 2.1 per cent, down from 2.4 per cent the month pr...
Winnipeg Free Press
Economists expect annual inflation rate fell in October, driven by lower gas prices
Breaking News, Sports, Manitoba, Canada
The closure of October has shown a general decline in prices in the tourism sector, as confirmed by the data of the National Institute of Statistics (INE). Thus, all indicators, with the exception of international flights, have shown a decrease in tariffs on the month of September. The most representative case is that of tourist packages, whose price has dropped by 5.5% in just one month. Accommodation services, whose rate is 4.4% cheaper, are f…
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