Canada Inflation Surges to 2.4% in September Amid Tariff Pressures

Published:

Canada Inflation Surges to 2.4% in September Amid Tariff Pressures
Photo: Chris Young

Inflation in Canada – whose economy is being pressed by the Trump administration's tariffs – rose to 2.4 percent in September, up from 1.9 percent in August. The increase was in the cards, but was unexpectedly large.

The average forecast among analysts was 2.2 percent, according to Bloomberg.

The underlying price pressure is also increasing in Canada. Excluding fuel – whose prices rose due to a one-time effect – inflation increased to 2.6 percent, up from 2.4 percent in August.

Canada's central bank lowered the interest rate 0.25 percentage points to 2.50 percent in September, the first cut in six months. Most assessors expect another cut next week.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...