Canada: Annual CPI up 0.7% in October

FXstreet.com (Barcelona) - According to data released today by Statistics Canada, Canadian annual inflation rose 0.7% in October, following 1.1% growth registered the previous month. This result below analysts' forecasts of +0.9%. On a monthly basis Canada's CPI fell 0.2% in October, after rising 0.2% in September, below predictions of a 0.1% drop.

Year-over-year BoC CPI Core grew 1.2%, slightly down from 1.3%. On a monthly basis Core CPI rose 0.2%, following a 0.2% increase. Both results are in line with expectations.