Saturday, July 5, 2025

Latest

Inflation Rises to 0.5% in September But Price Pressures Remain Subdued

It appears that inflation has finally hit Canada, but price pressures still remain restrained as the economy attempts to climb out of the pandemic-induced recession.

According to the latest Statistics Canada data, annual inflation rose to 0.5% in September, after remaining constrained at 0.1% throughout July and August. Although inflation increased last month, it still remains significantly lower than usual levels as businesses and companies continue to keep prices depressed. This in turn has signalled to the Bank of Canada to maintain interest rates at record-low levels in order to stimulate growth.

In the meantime, the average of core inflation indicators, which provide a more thorough picture of underlying price pressures, increased from 1.7% in August to a mere 1.73% in September. Previously, economists had anticipated that core inflation readings would remain the same at 1.7%, which is below the central bank’s inflation target of 2%.

On a month-over-month basis, prices declined by 0.1%, but excluding gasoline, consumer prices increased by 1%. The latest Statistics Canada report suggests that gathering restrictions and social distancing rules imposed on businesses are preventing prices from spiking. However, the trend is unlikely to reverse anytime soon given the growing concerns of a second COVID-19 wave mounting across several major Canadian cities.


Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

US Consumer Prices Rose 5.4% in July as ‘Transitory’ Inflation Pressures Continue

Prices for goods and services advanced further in July, as pent-up demand continues to unravel....

Thursday, August 12, 2021, 11:36:00 AM

Federal Government’s CERB Payments Have Led Increased Consumer Spending

It appears that the Canadian federal government’s stimulus spending has persevered the economy through the...

Friday, June 26, 2020, 05:03:00 PM

Bank of Canada Affirms 2% Inflation Target, But Will Overshoot to Support Maximum Employment

The Bank of Canada has renewed its mandate to keep inflation within the 2% target...

Tuesday, December 14, 2021, 02:52:00 PM

US Consumer Confidence Plummets Amid Renewed Inflation Fears

US consumer sentiment sharply declined at the beginning of May, as an increasing number of...

Sunday, May 16, 2021, 12:46:00 PM

Mexico, Canada Must ‘Shut Border’ to Avoid Tariffs Says Trump’s Commerce Pick

Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, said on Wednesday that Mexico and...

Thursday, January 30, 2025, 02:04:00 PM