Canadian Consumer Price Inflation – October 23, 2015

The Consumer Price Index (CPI) rose 1 per cent in the 12-months to September, a slowing from 1.3 per cent in August.  Inflation continues to be held lower by energy prices with gasoline prices falling 19 per cent year-over-year. Inflation measured by the Bank of Canada’s core CPI index, which excludes fuel, food and other volatile components, registered 2.1 per cent for a second consecutive month. This is the 14th consecutive month that core inflation has been above the Bank’s 2 per cent inflation target. Inflation in BC was up 1.3 per cent in the 12-months to September and is tracking at just 0.9 per cent for all of 2015.

For more information, please contact: Gino Pezzani.

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