Posted AT 10:31 AM EST on 19/09/06
Inflation rate eases
Canada's inflation rate eased to a 2.1-per-cent annual rate in August as gasoline-price increases slowed, confirming expectations that interest rates are unlikely to budge for the rest of the year.
It's the third month in a row that the rate dropped, marking the longest such stretch in two years, Statistics Canada said Tuesday. The consumer price index eased after rising at a 2.4-per-cent pace in July.
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