Canada’s Inflation Rate Highest Since 2003

Source: Jordan Press The Canadian Press, globalnews.ca, September 16, 2021

Elevated readings may continue for months because of sustained pressure on energy, food and home prices.

Canada’s headline inflation rate reached its highest point in nearly two decades last month as the consumer price index in August rose 4.1 per cent compared with a year ago.

The annual pace grew from the 3.7 per cent registered in July, and marked the largest year-over-year inflation increase since March 2003.

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