Market news
15.09.2021, 12:43

Canada’s annual inflation accelerates more than expected in August

Statistics Canada reported on Wednesday the country’s consumer price index (CPI) rose 0.2 percent m-o-m in August, following a 0.6 percent m-o-m increase in the previous month. This represented the slowest pace this year.

On the y-o-y basis, Canada’s inflation rate surged 4.1 percent last month, accelerating from 3.7 percent in July. This was the highest rate since March 2003.

Economists had predicted inflation would increase 0.1 percent m-o-m and 3.9 percent y-o-y in August.

According to the report, prices increased in seven of the eight major components in August, with transportation prices (+8.7 percent y-o-y) contributing the most to the all-items gain. At the same time, prices declined for clothing and footwear (-0.2 percent y-o-y).

Meanwhile, the closely watched the Bank of Canada's core index jumped 3.5 percent y-o-y in August, following a 3.3 percent y-o-y climb in July.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location