Citigroup analyst Veronica Clark pointed out that Canada's overall inflation rate and core inflation rate in September were lower than expected, making it difficult for the Bank of Canada to justify raising interest rates next week, and would shake its data-based policy formulation principles. Clark said that although the annual inflation rate rose slightly to 3.1%, this is almost entirely due to rising gasoline prices, while food prices are unexpectedly moderate, which may be encouraging for policy makers. The economist continues to believe that in a situation where the economy is oversupplied, weak demand will suppress price pressure, and interest rates will remain unchanged for the rest of the year.

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