Page 4 - August Inflation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The finance ministry said that the core inflation calculated by excluding food and fuel was recorded at 5.9 percent in August 2022, remaining below the tolerance limit of 6 percent for the fourth consecutive month. It further said that prices of major inputs like iron ore and steel have sobered in the global markets.

Inflation: The consumer price index-based inflation is above the Reserve Bank's comfort level of 6 per cent for the eighth month in a row.

With all the impressive data for September, and the BOC already in tapering mode, the inflation data should clear the way for the central bank to taper by another C$1 billion per week