Canada's inflation up 4% in August

PTVPhilippines
PTVPhilippines
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Canada's inflation up 4% in August
Transcript
00:00 The annual inflation rate in Canada increased to 4% in August, exceeding expectations of
00:06 3.8%.
00:08 The increase was caused by higher petroleum prices, leading to speculations that the central
00:13 bank may increase interest rates once more.
00:17 Additionally, the consumer price index increased by 0.4% month over month.
00:23 Two of the three measures of core inflation also increased.
00:27 The annual rate is twice the target rate of 2% set by the Bank of Canada.

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