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Annual inflation rose in September, Statistics Canada says

Last Updated Oct 21, 2020 at 5:57 am PDT

FILE - Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick
Summary

The inflation rate rose 0.5 per cent last month on a year-over-year basis, Statistics Canada says

Consumer prices were up in six of eight categories in September: StatCan

OTTAWA – Statistics Canada says consumer prices rose 0.5 per cent in September on a year-over-year basis.

That’s compared with a year-over-year increase of 0.1 per cent the month before.

“Acceleration in the CPI was largely due to price changes in the transportation, recreation, education and reading, and shelter components,” the agency says.

Consumer prices were up in six of eight main categories. Excluding gas, the inflation rate rose one per cent.

Economists on average had expected a year-over-year increase of 0.4 per cent, according to financial data firm Refinitiv.

Richard Dettman will have more in Business at :26 and :56.

More to come.