Annual inflation rate eases in October

November 18, 2011

The following is excerpted from the 18 November 2011 edition of Reuters Canada.

Canada's annual inflation rate moderated in October from a near three-year high in September but came in higher than forecast, scaling back market expectations of a central bank interest rate cut.

The consumer price index (CPI) rose 2.9 percent in October from a year earlier, easing from 3.2 percent in September as gasoline prices rose at a slower year-on-year pace, Statistics Canada said on Friday...

This article is available in its entirety at:

http://ca.reuters.com/article/businessNews/idCATRE7AH0ZB20111118

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Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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