Canadian CPI down -0.4% mom in Sep, annual rate slows to 1.6% yoy

Canada’s CPI fell -0.4% mom in September, much worse than expectation of -0.2% mom. Over the 12-month period, CPI slowed from 2.0% yoy to 1.6% yoy, below expectation of 1.8% yoy. That was the lowest figure since February 2021.
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