Canada Inflation


Inflation stabilizes in September

In September, consumer prices rose a seasonally adjusted 0.2% over the previous month, which was below the 0.4% rise recorded in August. According to Statistics Canada, the monthly price increase mainly reflected higher prices for transportation as well as for clothing and footwear. Despite the monthly increase, annual headline inflation remained unchanged at 1.2% in September, undershooting market expectations of a 1.3% increase. Currently, inflation remains within the Central Bank's target of 2.0% with a tolerance margin of plus/minus 1.0 percentage points. Meanwhile, annual average inflation inched down from 2.1% in August to 2.0% in September. Simultaneously, core inflation, which excludes volatile items such as gasoline and fresh food, fell from 1.6% in August to 1.3% in September.

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Canada Inflation Chart

Canada Inflation September 2012

Note: Year-on-year and month-on-month variation of seasonally adjusted consumer price index in %.
Source: Statistics Canada (SC).

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