Canada September CPI 6.9% YoY vs. 6.8% estimate

• Prior 7.0%
• CPI MoM 0.1% vs. 0.0% expected
• CPI year on year rose 6.9%. This was the 3rd consecutive monthly decline in the headline inflation. Gasoline prices are mostly responsible for the deceleration. Higher food prices offset the declines
• gasoline prices drop -7.4% in September. That followed a -9.6% decline in August (3rd consecutive month over month decline for gasoline). Year-over-year gasoline prices rose 13.2% down from 22.1% in August
• food prices rose year on year rose 11.4% which was the fastest year-over-year since August 1981 1 prices rose 11.9%

Core measures

• core CPI year on year 6.0% vs. 5.8% last month
• core CPI month-to-month 0.4% vs. a 0.0% last month
• median CPI 4.7% vs. 4.7 last month (revised from 4.8%
• trimmed CPI 5.2% vs. 5.2% last month
• common CPI 610% vs. 6.0% last month

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Canada producer prices for September showed:

• producer price is month-to-month 0.1% vs. -1.6% last month (revised from -1.2%).
• Producer prices year on year rose 9.0% vs. a revised 10.2% last month (was 10.6%)
• raw material prices month-to-month fell -3.2% vs. -4.3% last month
• will material prices year on year rose 11.0% which was down from 17.3% last month (revised from 17.6%) him.

inflation