Inflation & Prices
Inflation in Canada Reverses Just in Time for Central Bank
- ‘There’s no need for further rate hikes in Canada’: Reitzes
- Core measures tracked closely by central bank are easing
Shoppers at a grocery store in Toronto, Ontario.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canadian inflation is decelerating again, leaving room for the central bank to hold interest rates steady next week.
The consumer price index rose 3.8% in September from a year ago, Statistics Canada reported Tuesday in Ottawa, slower than the median estimate of 4% in a Bloomberg survey of economists. It’s a reversal that comes at the right time for Bank of Canada policymakers, who will soon begin their deliberations for a rate decision on Oct. 25.