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Business Matters: Annual inflation drops sharply below 2% target in September

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Bank Of Canada Nieuws

Business,Business Matters,Inflation

The annual rate of inflation slowed sharply in September, falling below the Bank of Canada’s two per cent target, Statistics Canada reported Tuesday. Annual inflation was 1.6 per cent in the month, down from two per cent in August, thanks largely to continually lower gasoline prices, the agency said.

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