Statistics Canada set to release September inflation figures
Economists expect inflation to rise to 3.2% as higher energy costs pressure Canadian consumers before the central bank’s next rate decision.
- Statistics Canada releases The September Consumer Price Index data today, providing a final inflation gauge before The Bank announces its overnight interest rate later this month.
- Economists anticipate The September inflation accelerated to 3.2 per cent, driven by elevated Brent and West Texas Intermediate crude prices that increased costs at the pump.
- Amid Middle East conflict and refinery damage, Canada Governor Tiff Macklem warned that the risk of inflation becoming "more persistent" has increased.
- The Bank faces potential rate hike pressure on Oct 28 when officials make their next interest rate decision amid persistent price increases.
- Later today, The Bank will also release quarterly consumer and business surveys to assess whether firms plan to pass rising supply chain costs to customers.
40 Articles
40 Articles
Inflation increased by 3.1% from year to year in Canada in September, after increasing by 3.0% in August.
Canada’s annual inflation rate rose to 3.1% in September
By Promit Mukherjee OTTAWA, Oct 19 (Reuters) – Canada’s annual inflation rate rose at 3.1% in September, data showed on Monday, as higher prices of gasoline and diesel pushed the consumer price index above the Bank of Canada’s upper limit once again after three months. Analysts polled by Reuters had forecast an inflation of 3.2% in September, up from 3% in August. – The September inflation is the last CPI data before the BoC’s monetary policy …
Financial Post
BizTocInflation risks are rising as oil shock lingers, Macklem says
Statistics Canada is scheduled to release September's Consumer Price Index data today, a last look at inflation before the central bank announces its overnight interest rate later this month.
The Toronto Star
Statistics Canada set to release September inflation figures
OTTAWA - Statistics Canada is set to report inflation data for September today.
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