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Canada CPI for August prints in line with estimates

FXStreet (Mumbai) - The official data released in Canada on Friday showed the cost of living as measured by the consumer price index (CPI) rose 1.3% year-on-year as expected.

The detail revealed lower energy prices continued to moderate the year-over-year rise in the CPI, led by the gasoline index, which was down 12.6% year over year in August. On a seasonally adjusted monthly basis, the CPI recorded no change in August, after rising 0.2% in July.

Meanwhile, the Bank of Canada's core index was up 2.1% in the 12 months to August, following a 2.4% rise in July.

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