OTTAWA, Oct 17 (Reuters) – Canada’s annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday.
This beat analysts’ expectations for annual inflation to remain at 4.0%.
Percent changes
Month-on-month Year-on-year
Sep Aug Sep Aug
CPI – all items -0.1 +0.4 +3.8 +4.0
CPI – common n/a n/a +4.4 +4.8
CPI – median n/a n/a +3.8 +4.1
CPI – trim n/a n/a +3.7 +3.9
Bank of Canada core -0.1 +0.1 +2.8 +3.3
All items ex food/energy -0.1 +0.2 +3.2 +3.6
Goods -0.3 +0.6 +3.6 +3.7
Services 0.0 +0.1 +3.9 +4.3
Energy -1.0 +3.7 +5.4 +1.8
Seasonally adjusted +0.2 +0.6 n/a n/a
Core CPI, SA -0.1 +0.3 n/a n/a
NOTE: Analysts in a Reuters survey had forecast September CPI to be 4.0% annualized, and to be up 0.1% on the month.
(Reporting by Dale Smith; Editing by Ismail Shakil)
((ismail.shakil@tr.com))
Keywords: CANADA ECONOMY/INFLATION
