Inflation eases to 1.8 per cent
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OTTAWA - Canada&#39;s annual inflation rate edged down to 1.8 per cent in September as the overall cost of a typical basket of goods and services barely rose from August, Statistics Canada reported Tuesday.
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holding off inflation worries for another month - though economists warned higher prices may be on the way. Prices paid by businesses fell
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Moderate news on the inflation front and a Labor Department report showing that consumer prices actually fell in July gave comfort to investors who are worried about potential price hikes.
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UK inflation stays at 2.1% in November, official figures show, as lower utility bills offset higher petrol prices.
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US consumer prices rose a modest 0.1 percent in August, in another sign that inflation was in check.
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Consumer prices rose just 0.1 percent in August, a sign that inflation poses no immediate risk to the economy. The over-the-month-increase in the Consumer Price Index, the government&#39;s most closely watched
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Consumer prices rose just 0.1 percent in August, a sign that inflation poses no immediate risk to the economy.
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Inflation outside of food and energy rose only 1.9 percent in the 12 months through May, the smallest gain in more than three years and one likely to reassure the Federal Reserve price pressures are easing.
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The minister of economic and fiscal policy, Hiroko Ota, said there had been little change in price trends in January, after a report showed inflation slowed to zero percent for the first time since May. âPrices continue to be flat,â Ms. Ota said. Core consumer prices, which exclude fresh food, were unchanged from a year earlier, matching the median estimate of economists surveyed by Bloomberg News. Household spending climbed 0.6 percent in January, the statistics bureau said, the first increase since December 2005. Economists expected a 0.3 percent drop. The jobless rate was 4 percent, unchanged after the previous monthâs figure was revised from 4.1 percent, the agency said.
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UK inflation is expected to have eased slightly in January, after jumping to an 11-year high in December.
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Consumer prices dropped in July for the first time in eight months as a sharp run up in gasoline costs reversed, the government said.
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Consumer prices fell 0.1 percent as energy costs fell, keeping pace with the yearâs slowdown in inflation and offering some comfort to Fed officials after yesterdayâs half-point rate cut.
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U.S. consumer prices dropped in July for the first time in eight months as a sharp run up in energy costs reversed, the government said on Tuesday in a report showing inflation pressures largely in check.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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WASHINGTON - Consumer prices barely budged last month, suggesting that inflation isn&#39;t currently a problem for the economy and Federal Reserve policymakers can stick with a gradual approach to raising interest rates.
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WASHINGTON -- Prices at the wholesale level edged up modestly in August, providing further evidence that inflation pressures are easing.
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China saw a moderate rise in consumer inflation in August to 1.3%, with a notable rise in services.