加拿大9月份的通胀率因汽油价格上涨而升至3.1%，而反映潜在价格压力的指标有所缓解。
Canada’s inflation rate ticked up to 3.1% in September as gasoline prices rose, while gauges of underlying price pressures eased.
加拿大统计局周一报告称，上月汽油价格按年计算上涨27.8%，而8月份的涨幅为22.8%，涨幅放缓。
Gasoline prices rose 27.8% on an annual basis last month compared with a slower pace of 22.8% in August, Statistics Canada reported on Monday.
剔除食品和能源后，通胀率维持在2.1%。与此同时，加拿大央行的核心通胀中位数和修剪平均值分别下降至1.9%和1.8%。消费者物价指数环比上涨0.1%。
Excluding food and energy, the inflation rate held at 2.1%. Meanwhile, the Bank of Canada’s median and trim measures of core inflation edged down to 1.9% and 1.8%, respectively. The consumer price index increased 0.1% on a monthly basis.
接受彭博社调查的经济学家预计，9月份的总体通胀率将从8月份的3%升至3.2%，而加拿大央行偏好的核心通胀指标将保持不变。
Economists surveyed by Bloomberg expected the headline inflation rate to tick up to 3.2% in September from 3% in August, and for the Bank of Canada’s preferred core measures to remain the same.
价格增长低于预期的上涨，加上核心通胀指标的放缓，可能会在下周利率决策前为加拿大央行带来一些缓解。
The smaller-than-expected increase in price growth, along with the slowdown in core measures of inflation, will likely give some relief to the Bank of Canada ahead of its interest rate decision next week.
央行一直日益担心伊朗战争带来的通胀风险，但也一直关注美国关税对加拿大经济持续造成的影响。
The central bank has been increasingly concerned about the inflationary risks of the Iran war, but has also been mindful of the economic impact US tariffs continue to pose on Canada.
行长蒂夫·麦克勒姆警告称，如果等待太久才提高利率，可能会迫使央行不得不以比原计划更快、更高的幅度提升政策利率。
Governor Tiff Macklem has warned that waiting too long to raise interest rates may force the central bank to have to increase its policy rate faster and higher than it otherwise would have.
与此同时，最近的劳动力数据凸显了随着美国贸易战持续，加拿大所面临的一些经济脆弱性。自2025年12月以来，加拿大就业人数减少了41,200人，这是自2009年金融危机以来的最大年内净减少（不包括2020年新冠肺炎疫情期间）。
At the same time, recent labor force data has underscored some of the economic vulnerabilities Canada faces as the US trade war drags on. Employment fell in Canada by 41,200 since December 2025, the largest year-to-date loss since the 2009 financial crisis, excluding 2020 during the Covid-19 pandemic.
隔夜掉期交易者在CPI数据公布前认为本月加息的概率接近70%。
Traders in overnight swaps placed the odds of a rate hike this month at nearly 70% prior to the CPI release.
除了核心通胀指标放缓外，涨幅达到3%或更高的CPI分项占比也从8月份的34.2%降至29.2%。
In addition to the slowdown in core measures, the share of CPI components rising at 3% or higher fell to 29.2% from 34.2% in August.
上个月，杂货价格涨幅放缓，同比上涨1.7%，而8月份为2.8%。这是自2024年5月以来的最小年度涨幅，也是连续第二个月杂货价格涨幅低于整体通胀水平。
Grocery prices increased at a slower pace last month, rising 1.7% year-over-year after increasing 2.8% in August. This marks the smallest yearly increase since May 2024 and the seconds straight month where grocery price grow rose at a slower pace than overall inflation.
住房价格年比上涨1.8%，而8月份为1.5%。涨幅的主要原因是燃料价格上涨，以及房主的房屋和抵押贷款保险、维修和维护费用的价格增长加快。
Shelter prices increased 1.8% on an annual basis, up from 1.5% in August. The increase was driven by higher fuel prices, as well as faster price growth for homeowners’ home and mortgage insurance and maintenance and repairs.