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CA Consumer Price Index, September 2024
The Consumer Price Index (CPI) rose 1.6% on a year-over-year basis in September, down from a 2.0% gain in August. This was the smallest yearly increase since February 2021 (+1.1%). The main contributor to headline deceleration was lower year-over-year prices for gasoline in September (-10.7%) compared with August (-5.1%). The all-items CPI excluding gasoline rose 2.2% in September, matching the increase in August for this measure. Although the rate at which prices are increasing has slowed, price levels remain elevated. Compared with September 2021, the CPI rose 12.7% in September. Canadians continue to feel the ... (full story)
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Canada inflation slips to 1.6% on lower gas prices
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. Analysts polled by Reuters had forecast the inflation rate would cool to 1.8% from 2.0% in August. Month-over-month, the consumer price index decreased 0.4%, compared with a forecast of 0.2% decline. In the last major economic report to be released ahead of the Bank of Canada's (BoC) interest rate announcement on Oct. 23, Statistics Canada data showed the slowdown in headline inflation was mainly driven by a 10.7% drop in gasoline ... (full story)
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From newyorkfed.org|Oct 15, 2024Business activity contracted modestly in New York State, according to firms responding to the October 2024 Empire State Manufacturing Survey. After climbing into positive ...
From youtube.com/easymarkets|Oct 15, 2024Canadian CPIs are now below BoC's inflation target of 2%. Is this something that could make the central bank worry, or do they know what they're doing?
From think.ing.com|Oct 15, 2024A slate of weaker survey data and a cooler September CPI prompted officials at the European Central Bank to open the door to a cut in October. Markets took the hint and have since ...
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From statcan.gc.ca|Oct 15, 2024Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.6% to $81.9 billion in August. Sales declined in five of ...
From tickmill.com|Oct 15, 2024The British Pound is trading higher today on the back of the latest UK labour market figures released this morning. The unemployment rate was seen falling to its lowest level ...
From imf.org|Oct 15, 2024|2 commentsGlobal public debt is very high. It is expected to exceed $100 trillion, or about 93 percent of global gross domestic product by the end of this year and will approach 100 percent ...
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- Posted: Oct 15, 2024 8:32am
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 4,620
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