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Canada Inflation September 2018

Canada: Inflation plummets in September

Seasonally-adjusted consumer prices fell 0.1% from a month earlier in September, contrasting August’s 0.1% rise. According to Statistics Canada, the decline was driven by lower transport prices. Moreover, climbing food prices slowed from a month earlier.

Inflation plummeted to 2.2%, down from 2.8% in August and well below analysts’ expectations. Meanwhile, annual average inflation was stable from August at 2.2%. Core inflation, which excludes volatile items including fuels and fresh produce, dipped to 1.5% from 1.7%.

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