Inflation data from Canada showed the Consumer Price Index fell 0.1% in August against expectations of a modest increase. According to analysts at the National Bank of Canada the numbers from the August inflation were somewhat stronger than what the headline suggested. Key Quotes: “The CPI has been subject to volatile movements over the past few months. The latest August headline print echoes the renewed weakness which first appeared in July following the June snapback. At first glance the latest report appears to be tepid, but the underlying data paints a different story. True, transportation and food were weak, but these were partially compensated by large increases for recreation/education/reading, health/personal care, clothing and shelter.” “While CPI excluding food and energy was showing a slight increase (+0.08%) in August (seasonally adjusted), price declines were not widespread among categories as shown by our in-house replications of the preferred measures of the central bank (which excludes the most volatile components each month).” “Underlying inflation remains resilient for now perhaps due to the shuttering of certain supply chains and rising operational costs due to social distancing. But keep in mind that economic weakness usually impacts inflation with a lag suggesting modest pressure on prices in the coming quarters.” 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 Gold Price Analysis: Here are all the key levels in gold ahead of the FOMC meeting FX Street 2 years Inflation data from Canada showed the Consumer Price Index fell 0.1% in August against expectations of a modest increase. According to analysts at the National Bank of Canada the numbers from the August inflation were somewhat stronger than what the headline suggested. Key Quotes: “The CPI has been subject to volatile movements over the past few months. The latest August headline print echoes the renewed weakness which first appeared in July following the June snapback. At first glance the latest report appears to be tepid, but the underlying data paints a different story. True, transportation and food were weak, but… 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.