Canadian Inflation Expected to Edge Lower in September - Action Forex
Inflation data and the Bank of Canada’s closely-watched Business Outlook Survey will be front and center in a busy week of Canadian economic data releases. Canadian headline CPI growth is expected to edge down to 3.8% year-over-year in September from August’s 4% print. Year-over-year growth in energy prices likely accelerated – gasoline prices edged lower in September from August but were still up almost 7% from a year ago compared to a 1.5% year-over-year increase in August.
Inflation data and the Bank of Canada’s closely-watched Business Outlook Survey will be front and center in a busy week of Canadian economic data releases. Canadian headline CPI growth is expected to edge down to 3.8% year-over-year in September from August’s 4% print. Year-over-year growth in energy prices likely accelerated – gasoline prices edged lower in September from August but were still up almost 7% from a year ago compared to a 1.5% year-over-year increase in August.
