Canada’s annual inflation rate rose to 2.4 percent in September driven by a smaller decline in gasoline prices on a yearly basis when compared to the previous month and an uptick in the cost of food, newly released data suggests.
The year-over-year increase in the Consumer Price Index (CPI) in September is half a percent higher than the 1.9 percent rise recorded in August, Statistics Canada said in an Oct. 21 report.
