From TokenPost · · 40s
Canada's Inflation Hits 3.1% in September
Canada's inflation rate rose to 3.1% in September as energy costs increased, while core inflation eased to 1.85% ahead of the Bank of Canada's rate decision.
In brief
Canada's inflation rate rose to 3.1% in September as energy costs increased, while core inflation eased to 1.85% ahead of the Bank of Canada's rate decision. Canada's September inflation rose to 3.1% due to higher energy costs, with core inflation dropping to 1.85% before the Bank of Canada's October 28 rate decision…
Canada's Inflation Rate
Canada's annual inflation rate rose to 3.1% in September as higher energy costs lifted the overall reading.
Core Inflation Eases
Core inflation cooled to 1.85% ahead of the Bank of Canada's Oct 28 rate decision.
Energy Costs Drive Inflation
The difference between the two readings suggests September's price pressure was concentrated in energy.
The bottom line
Canada's September inflation rose to 3.1% due to higher energy costs, with core inflation dropping to 1.85% before the Bank of Canada's October 28 rate decision.
