Canada's inflation rate holds firm at 3% in August
Canada's annual inflation rate held firm at three per cent in August, Statistics Canada stated Monday. The agency declared gasoline prices and food costs eased slightly last month, while prices for tours and travel rose. Shelter costs, like rents and mortgage payments, also edged higher in Augus...
Canada's annual inflation rate held firm at three per cent in August, Statistics Canada stated Monday.
The agency declared gasoline prices and food costs eased slightly last month, while prices for tours and travel rose. Shelter costs, like rents and mortgage payments, also edged higher in August, Statistics Canada said.
Monday's consumer price index data predates a recent run-up in crude oil prices driven by an intensifying war in the Middle East.
In a related development, on a monthly basis, consumer prices fell 0.1 per cent.
A Reuters poll of economists last month anticipated annual inflation held at three per cent, based on to LSEG Data & Analytics.
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