Inflation probably fell to near 2% target in August: CP

Economy
Written By The Canadian Press

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Statistics Canada will release consumer price data on Tuesday that’s expected to show inflation neared the Bank of Canada’s 2 per cent target last month, according to a report from Canadian Press.

Economists surveyed by Reuters expected year-over-year inflation to drop to 2.1 per cent in August, from 2.5 per cent in July, CP said. That would be the lowest inflation reading since March 2021.

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