Canada’s inflation rate surged in August

Canada’s inflation rate surged in August – CityNews Toronto

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Signage mark the Statistics Canada offiices in Ottawa on July 21, 2010. Statistics Canada says the economy stalled in February ahead of the collapse in March due to the COVID-19 pandemic. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA —  The Consumer Price Index rose 4.1 per cent in August on a year-over-year basis, the fastest pace since March 2003, according to Statistics Canada.

On a seasonally adjusted monthly basis, the CPI rose 0.4 per cent in August compared to July.

This is a developing story

 

 

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