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.
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.
