
Canada’s inflation had broad-based deceleration in September

Economic News from RSM
by Tu Nguyen
Canada’s CPI rose by 6.9% on a year-over-year basis, slightly down from 7% in August, continuing a three-month streak of decline.
Overall prices for final demand rose by 0.5% on the month while energy prices increased by 3.3%, the Bureau of Labor Statistics reported on Wednesday.
Households continued to feel the impact of rising prices for essential items, with food up by 5.7%, shelter rising by 6.2% and gasoline increasing by 31.7% on a year-over-year basis.
Dr. Tu Nguyen is economist and ESG director for RSM Canada. She holds a doctorate in applied economics from Oregon State University, where she became a leading voice in environmental and natural resource economics globally.
Tu conducts research and analysis on sustainability, labor markets, the COVID-19 pandemic and infrastructure. Her work has provided invaluable insights for international organizations including the World Trade Organization and the United Nations, as well as for government agencies and industry leaders in the United States and Canada.
Before joining RSM, Tu worked as a research economist at Dalhousie University and a research and university lecturer at Oregon State University.
Tu also holds a bachelor of business administration in economics from Baruch College of the City University of New York.