- Analytics
- News and Tools
- Market News
- Canadian consumer price inflation climbed to 2.4% in October
Canadian consumer price inflation climbed to 2.4% in October
Statistics Canada released consumer price inflation data today. Canadian consumer price inflation increased 0.1% in October, beating expectations for a 0.3% decline, after a 0.1% gain in September.
On a yearly basis, the consumer price index rose to 2.4% October from 2.0% in September. Analysts had expected the index to remain unchanged at 2.0%.
The consumer price index was driven by higher prices in all categories. Shelter and food costs rose 2.8% in October.
Canadian core consumer price index, which excludes some volatile goods, climbed 0.3% in October, exceeding expectations for a 0.2% rise, after a 0.2% increase in September.
On a yearly basis, core consumer price index in Canada climbed to 2.3% in October from 2.1% in September, beating forecasts of a rise to 2.2%.
The Bank of Canada's inflation target is 2.0%.
These figures are adding to speculation that the Bank of Canada won't cut its interest rates.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
