Canada’s inflation rate hits four percent in August: StatCan

Article content

OTTAWA – Statistics Canada says the country’s annual inflation rate rose to four per cent last month, up from 3.3 per cent in July.

Article content

The rise in inflation was largely due to gasoline prices, which rose annually and monthly.

Article content

August is the second straight month that inflation has risen, as economists expect progress in reducing inflation to stall in the next few months.

The federal agency says that while price growth accelerated on an annual basis, prices rose more slowly month to month as travel and air transportation prices fell.

Meanwhile, food prices rose more slowly annually, rising 6.9 percent year-on-year, compared with 8.5 percent the previous month.

Between July and August, food prices fell by 0.4 percent. Canada’s inflation rate hits four percent in August: StatCan

Sportsasff is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button