Canada: Inflation steady in October
November 20, 2015
In October, seasonally-adjusted consumer prices recorded a 0.2% increase, which was up from a 0.2% decrease recorded in September. According to Statistics Canada, four of the eight components of the index increased.
Inflation was unchanged in October, coming in at 1.0% for the second month in a row and matching market expectations. As a result, inflation is steady at the lower bound of the Bank of Canada’s target range of 2.0% plus/minus 1.0 percentage point. Annual average inflation in October was 1.2%, down from 1.3% in September. However, annual core inflation, which excludes volatile items such as gasoline and fresh food, was level in October at September’s 2.1%.
Author: Robert Hill, Economist