The FINANCIAL — Canada’s annual inflation rate rose as expected in August as rising prices for food and home-insurance premiums offset low energy prices, according to Nasdaq.
Canada’s all-items consumer-price index increased 1.3% in August from a year earlier, Statistics Canada said on September 18, matching market expectations. In July, annual CPI rose 1.3%.
The annual core inflation rate, which excludes volatile components such as some food and energy prices, rose 2.1% in August compared with a year earlier, also matching market expectations.
On a month-over-month basis, headline inflation was unchanged, while core CPI rose 0.2%.