Free Trial

September CPI Shows Broad-Based Slowdown

CANADA
  • Headline inflation -0.1% MOM in September vs +0.2% consensus; YOY CPI +3.8% vs +4% consensus. 
  • Core inflation measures were also softer as median +3.8% from +4.1% and trim +3.7% from +3.9%.
  • CPI excluding food & energy -0.1% MOM, +3.2% YOY.
  • Gasoline led the monthly decrease as prices -1.3% MOM, but +7.5% YOY from base effect. 
  • The inflation report is the last major data release before the October interest-rate decision.
  • In a separate report, foreign investors reduced holdings of Canadian securities by -CAD8.5b in August on shares and government bonds. 
  • Canadian investors bought+CAD14.9b of foreign securities, the largest investment since April 2022.
  • Year to date foreign purchases of Canadian securities +CAD37b vs +CAD124b the year before. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.