01-01-1970 12:00 AM | Source: IANS
Canada's Consumer Price Index (CPI) declined slightly to 6.9 per cent in September, decelerating from 7 per cent in August, Statistics Canada has said.
Canada`s CPI at 6.9% in September
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/6e24362974dce3e0db24fc807956cfc4.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Canada's Consumer Price Index (CPI) declined slightly to 6.9 per cent in September, decelerating from 7 per cent in August, Statistics Canada has said.
Lower gasoline prices were mostly responsible for the deceleration, the national statistical agency said on Wednesday, adding that while prices at the gas pump dropped Canadians continued to feel the pinch from higher food prices, Xinhua news agency reported.
According to the statistical agency, in September, prices for food purchased from stores grew 11.4 per cent, the fastest pace year over year since August 1981. Prices for food purchased from stores have been increasing at a faster rate than the all-items CPI for 10 consecutive months, since December 2021.
Excluding food and energy, prices rose 5.4 per cent year over year in September, following a gain of 5.3 per cent in August. Prices for durable goods, such as furniture and passenger vehicles, grew at a faster pace in September compared with August, the statistical agency said.
On a monthly basis, the CPI rose 0.1 per cent in September.
Average hourly wages rose 5.2 per cent on a year-over-year basis in September, meaning that, on average, prices rose faster than wages. The gap in September was larger compared with August, Statistics Canada said.
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
Insurance Sector Update : Motor drags down overall g...
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
Wipro shares nosedived over 9 pc after missed earnin...
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
Economic Survey links mental health disorders with '...
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
India's GDP growth for FY25 to surpass Economic Surv...
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Evening Roundup : A Daily Report on Bullion Energy &...
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
FIIs stood as net buyers in equities as per July 22 ...
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
Union Budget: Experts urge government to remove 18 ...
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Sensex ends lower ahead of Union Budget 2024-25