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  • Consumer Price Index, October 2023

    From statcan.gc.ca

    In October, the Consumer Price Index (CPI) rose 3.1% on a year-over-year basis, down from a 3.8% gain in September. The year-over-year deceleration was largely a result of lower prices for gasoline (-7.8%) in October. Excluding gasoline, the CPI rose 3.6% in October, following a 3.7% increase in September. While prices for goods (+1.6%) decelerated, led by lower prices at the pump, prices for services (+4.6%) rose at a faster pace in October, largely driven by higher prices for travel tours, rent and property taxes and other special charges. The largest contributors to the year-over-year CPI increase continued to be ... (full story)

Added at 8:42am

  • Canada annual CPI inflation softens to 3.1% in October vs. 3.2% expected

    From fxstreet.com

    Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), softened to 3.1% on a yearly basis in October from 3.8% in September. This reading came in below the market expectation of 3.2%. On a monthly basis, the CPI rose 0.1%, matching analysts' estimate. "The year-over-year deceleration was largely a result of lower prices for gasoline (-7.8%) in October," Statistics Canada noted in the press release. "Excluding gasoline, the CPI rose 3.6% in October, following a 3.7% increase in September." Moreover, the Bank of Canada reported that the monthly Core CPI, which excludes volatile food and ... (full story)

The good for the cad but not strong enough to withstand dollar bulls.
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