Canadian consumer prices rose 1.1 per cent in the twelve months to September, matching the rise in August.
Core inflation, which strips out the most volatile components of the CPI, such as food and energy prices, increased 1.3 per cent in September.
Consumer prices in BC were unchanged in September after declining 0.1 per cent in August.
Canadian inflation continues to run well below the Bank of Canada's 2 per cent target.
An expected acceleration in economic growth in 2014 should put inflation back on a glide path to 2 per cent next year, though we expect the Bank of Canada will remain on the sidelines until late 2014 or early 2015. Canadian Consumer Price Inflation As Reported by BCREA, October 18, 2013.