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Statistics Canada released consumer price inflation data today. Canadian consumer price inflation increased 0.1% in September, exceeding expectations for a flat reading, after a flat reading in August.
On a yearly basis, the consumer price index fell to 2.0% September from 2.1% in August.
The consumer price index was driven by higher prices for shelter and food. Shelter costs rose 2.7% in September, while food prices climbed 2.7%.
Canadian core consumer price index, which excludes some volatile goods, climbed 0.2% in September, exceeding expectations for a 0.1% rise, after a 0.5% increase in August.
On a yearly basis, core consumer price index in Canada remained unchanged at 2.1% in September.
The Bank of Canada's inflation target is 2.0%.
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