Annual inflation rate in Canada hits 2% in August

seekingalpha09-17

The annual inflation rate in Canada decelerated for the third month to hit 2% in August 2024, the softest since February 2021, slightly below forecasts of 2.1% and reaching the central bank's target ...

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The deceleration in headline inflation in August was due, in part, to lower prices for gasoline, due to a combination of lower prices and a base-year effect.  Excluding gasoline, the CPI rose 2.2% in August, down from 2.5% in July. From the previous month, the Canadian CPI decreased by 0.2% in August, compared to expectations for a flat reading.   ETFs: , . Currency: ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4582":"ESG ETF-MSCI","FLCA":"Franklin FTSE Canada ETF","EWC":"加拿大ETF-iShares MSCI"},"translate_title":"加拿大8月年通胀率达2%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWC":1,"FLCA":1},"content_text":"The annual inflation rate in Canada decelerated for the third month to hit 2% in August 2024, the softest since February 2021, slightly below forecasts of 2.1% and reaching the central bank's target for the first time in over three years.  The deceleration in headline inflation in August was due, in part, to lower prices for gasoline, due to a combination of lower prices and a base-year effect.  Excluding gasoline, the CPI rose 2.2% in August, down from 2.5% in July. From the previous month, the Canadian CPI decreased by 0.2% in August, compared to expectations for a flat reading.   ETFs: (EWC), (FLCA). 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