Canada's CPI slows to 2% in Aug, lowest since Feb 2021
Canada's CPI growth slowed to 2.0% yoy in August, down from 2.5% yoy in July, and below market expectations of 2.1%—marking the slowest pace since February 2021. This deceleration is largely attributed to decline in gasoline prices, driven by a combination of lower fuel prices and a base-year effect. Excluding gasoline, CPI still eased to 2.2% yoy from 2.5% yoy, indicating broad softening in inflation.
Canada's CPI growth slowed to 2.0% yoy in August, down from 2.5% yoy in July, and below market expectations of 2.1%—marking the slowest pace since February 2021. This deceleration is largely attributed to decline in gasoline prices, driven by a combination of lower fuel prices and a base-year effect. Excluding gasoline, CPI still eased to 2.2% yoy from 2.5% yoy, indicating broad softening in inflation.
