From yahoo.com

Canada's annual inflation rate accelerated for the second month in a row in August, increasing 4 per cent as the price of gasoline surged. Economists had expected a 3.8 per cent annual increase in the Consumer Price Index (CPI), according to Reuters. Statistics Canada said the increase in inflation was largely driven by rising gas prices. Gas prices jumped 0.8 per cent in August, the first year-over-year increase since January, driven in part by base-year effects as prices fell during the same month in 2022. Higher rent and mortgage interest costs also contributed to the rise in CPI. On a monthly basis, CPI increased ... (full story)