Canada’s inflation rate cools in August but grocery prices continue to climb

OTTAWA – Canada’s annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb. In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8 per cent compared with a year ago. Still, … Continue reading Canada’s inflation rate cools in August but grocery prices continue to climb