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Consumer Price Index, September 2023

From statcan.gc.ca

In September, the Consumer Price Index (CPI) rose 3.8% on a year-over-year basis, down from a 4.0% gain in August. The year-over-year deceleration was broad-based, stemming from lower prices for some travel-related services, durable goods and groceries. Offsetting the deceleration in the all-items CPI was a year-over-year increase in gasoline prices, which rose at a faster pace in September (+7.5%) compared with August (+0.8%) due to a base-year effect. Excluding gasoline, the CPI rose 3.7% in September, following a 4.1% increase in August. On a monthly basis, the CPI fell 0.1% in September, after a 0.4% gain in ... (full story)

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Canada’s inflation cools more than expected in Sep

From actionforex.com

In September, Canada’s CPI deceleration surpassed expectations. The annual inflation rate receded to 3.8% yoy, falling short of the anticipated 4.0% and marking a downtick from August’s 4.0% yoy. Gasoline prices, affected by the base-year effect, showed an escalation, recording a 7.5% yoy ascent compared to August’s 0.8% yoy . Nevertheless, when gasoline was excluded, CPI realized a slowdown to 3.7% yoy from the previous month’s 4.1% yoy. On a monthly basis, CPI was down by -0.1% mom, contradicting the expected 0.1% mom incline. A -1.3% monthly decline in gasoline prices significantly influenced this downturn. In the ... (full story)

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