OTTAWA (Reuters) -Canada's annual inflation rate slowed more than expected to 1.6% in September, mainly on cheaper gasoline, but indicators of underlying...
OTTAWA -Canada's annual inflation rate slowed more than expected to 1.6% in September, mainly on cheaper gasoline, but indicators of underlying price pressures held steady, data showed on Tuesday.
This was the fastest drop in gas prices since July 2023 and resulted from lower crude oil prices amid increasing concerns over weaker economic growth, as well as lower costs associated with switching to winter blends, the statistics agency said. The Canadian dollar weakened to a 10-week low after the inflation data was released to 1.3833 to the U.S. dollar, or 72.29 U.S. cents.The central bank's preferred measures of core inflation, CPI-median and CPI-trim, were also unchanged. CPI-median - or the value at the middle of the set of price changes in a month - stayed at 2.3%, and CPI-trim - which excludes the most extreme price changes - remained at 2.4%.
The Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, will announce developments in the government's efforts to address the national housing crisis and build more homes, faster.WASHINGTON, October 15, 2024--Fort Worth Water implements advanced metering infrastructure with Xylem's Sensus FlexNet communication network to drive operational efficiency.OCI Global announces today that it will pay an interim extraordinary distribution of EUR 14.
Gasoline Prices Consumer Price Index Basis Point Rate Crude Oil Prices Inflation Rate Underlying Price Pressures Gas Prices
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