Canada: Consumer inflation slows in August

Ani Salama FXStreet

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.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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