The data published by Statistics Canada on Wednesday revealed that inflation in January, as measured by the Consumer Price Index, rose 0.1% on a monthly basis and brought the annual rate down to 1.4% from 2% recorded in December. Moreover, the Bank of Canada’s core CPI, which excludes volatile food and energy prices, came in at 0.2% and 1.5% on a monthly and yearly basis, respectively. Key takeaways from the press release Energy costs declined 6.9%, while the growth in the price of services slowed to 2.7% as transitory pressures from the air transportation, telephone services and travel tours indexes, which boosted the all-items CPI in December 2018, dissipated. Excluding gasoline, the CPI was up 2.1% on a year-over-year basis. On a seasonally adjusted monthly basis, the CPI declined 0.1% in January, following a 0.2% increase in December. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD keeps the red despite softer Canadian CPI, surging oil prices continue to weigh FX Street 4 years The data published by Statistics Canada on Wednesday revealed that inflation in January, as measured by the Consumer Price Index, rose 0.1% on a monthly basis and brought the annual rate down to 1.4% from 2% recorded in December. Moreover, the Bank of Canada's core CPI, which excludes volatile food and energy prices, came in at 0.2% and 1.5% on a monthly and yearly basis, respectively. Key takeaways from the press release Energy costs declined 6.9%, while the growth in the price of services slowed to 2.7% as transitory pressures from the air transportation, telephone services and travel tours… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
