Canada: Consumer inflation slows in August
|Canada’s Consumer Price Index (CPI) rose 1.1% on a year-over-year basis in August, following a 1.3% gain in July, Statistics Canada said Friday, missing expectations of a 1.4% increase.
On a seasonally adjusted monthly basis, the CPI decreased 0.1% in August, after posting no change in July and below the 0.2% rise forecasted by analysts.
The core CPI, which excludes volatile components such as food and energy, rose 1.8% from a year earlier (2.0% expected), following a 2.1% advance the previous month.
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