Consumer prices in Canada unexpectedly declined in August 2016

Consumer prices in Canada

Consumer prices in Canada Consumer prices in Canada unexpectedly declined in August 2016. The CPI decreased by 0.2% MoM against expectations for growth of 0.1%. In July, the inflation was negative and amounted to -0.2%. On year-on-year basis, the inflation slowed to 1.1% after the value in July was 1.3% and far below the market expectations for a 1.4% yoy.

The core inflation in Canada , which excludes volatile prices of food and energy, remains zero compared to the previous month, while the market had expected growth of 0.2%. In July, consumer prices did not report increases.

The year-on-year core inflation slowed from 2.1% in July to 1.8% in August, below expectations for growth of 2%.

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