Higher gasoline prices drove Canada’s inflation rate to 4.0 per cent in August, making it the second month in a row inflation has risen.
Statistics Canada released its consumer price index report Tuesday, which shows the annual rate rose from 3.3 per cent in July.Economists widely expected this uptick in inflation and anticipate slower progress on getting price growth down over the next few months.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.
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