50479
Canada’s  Annual Inflation  at 10-Month Low
Canada’s  Annual Inflation  at 10-Month Low

Canada’s Annual Inflation at 10-Month Low

Canada’s Annual Inflation at 10-Month Low

Canada’s annual inflation rate in August dipped to a 10-month low of 1.1%, the seventh consecutive month it has remained below the Bank of Canada’s 2% target, Statistics Canada said.
Analysts polled by Reuters had forecast the annual rate would edge up to 1.4% from 1.3% in July. The August rate was the lowest since the 1% recorded in October 2015. Food prices exerted the main drag on the overall rate, rising by 1.1% in the 12 months to August compared to a 1.6% year-on-year-increase in July. The recreation, education and reading index grew 1.1% in the year to August, down from 1.9% in July. The annual core inflation rate, which strips out the prices of energy and some foods and is watched closely by the Bank of Canada, dipped to 1.8% from 2.1%. The central bank, which says inflation is being influenced by temporary factors, is widely expected to keep interest rates steady until 2018.

 

Short URL : https://goo.gl/WVKXW0
  1. https://goo.gl/RL34QS
  • https://goo.gl/oMvYlH
  • https://goo.gl/rMgDXZ
  • https://goo.gl/L86OqE
  • https://goo.gl/M7sXRx

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus