Investing.com – Canadian inflation met expectations in October, according to official data released on Friday.
According to the report from Statistics Canada, consumer price index (CPI) for October increased 0.1% from the previous month, in line with expectations and after a 0.2% rise in September.
Year-on-year, CPI advanced 1.4% last month, also in line with expectations and compared to an increase of 1.6% in September.
Core inflation, which excludes food and energy, increased 0.3% in October, compared to the previous month’s reading of 0.2%.
Year-on-year, core CPI advanced 0.9% in October compared to a previous 0.8% increase.
After the report USD/CAD traded at 1.2769, compared to 1.2767 prior to the release.