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.
Consumer prices rose 0.5% in Sept y/y, up in 6 of 8 main categories. Excluding gas, inflation rose 1%.
Statistics Canada says "acceleration in the CPI was largely due to price changes in the transportation, recreation, education and reading, and shelter components." pic.twitter.com/rYhsZRjhgo
— Richard Dettman (@rwdettman) October 21, 2020
Economists on average had expected a year-over-year increase of 0.4 per cent, according to financial data firm Refinitiv.
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More to come.