Source: Global News, October 16, 2019
The annual inflation rate was 1.9 per cent in September for a second-straight month, keeping the indicator close to the Bank of Canada’s ideal two per cent target.
Statistics Canada says, compared with last year, lower gasoline prices continued to weigh on the overall inflation rate and that last month’s reading was 2.4 per cent when pump prices were excluded.
The numbers in Statistics Canada’s latest consumer price index show inflation have now stayed at 1.9 per cent or higher for seven consecutive months.
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