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Canada's annual inflation slowed to 3.8% in September

Canada's annual inflation slowed to 3.8 per cent in September.
 
Looking at the month-over-month price movement, Statistics Canada reported that the Consumer Price Index was down 0.1%.
 
Two of the Bank of Canada's three core measures of underlying inflation also decelerated. 
 
CPI-median edged down to 3.8%, from 4.1% in August, while CPI-trim decreased to 3.7%, from 3.9%.
 
 
The price figures came a day after a third-quarter survey by the Bank of Canada, that showed businesses were gloomy on the economic outlook and inflation expectations easing slightly.
 
Statscan said the deceleration in September was broad-based, stemming from lower prices for some travel-related services, durable goods and groceries. 
 


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