Investing.com – Core consumer price inflation in Canada rose in line with expectations in August, official data showed on Tuesday.
In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, rose by a seasonally adjusted 0.1% in August, after falling by 0.1% in July.
Analysts had expected core CPI to increase by 0.1% in August.
The report also showed that CPI, which includes more volatile food and energy costs, fell by 0.1% in August, after rising by 0.5% in July.
Analysts had expected CPI to remain flat at 0.0% in August.
Meanwhile, year-on-year CPI rose by 1.7% in August, after increasing 1.8% in July.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.22% to hit 1.0306.
In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, rose by a seasonally adjusted 0.1% in August, after falling by 0.1% in July.
Analysts had expected core CPI to increase by 0.1% in August.
The report also showed that CPI, which includes more volatile food and energy costs, fell by 0.1% in August, after rising by 0.5% in July.
Analysts had expected CPI to remain flat at 0.0% in August.
Meanwhile, year-on-year CPI rose by 1.7% in August, after increasing 1.8% in July.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.22% to hit 1.0306.