Inflation rate rose to 1.6% in September, led by gasoline cost hikes

Canada’s acceleration rate rose to 1.6 per cent in September, adult from 1.4 per cent a prior month, as a costs of travel and preserve went up.

Clothes, boots and furniture, meanwhile, got cheaper in a past year, Statistics Canada said.

The information group pronounced that travel costs have increasing by 3.8 per cent in a 12 months to September, led by gasoline prices that have risen by some-more than 14 per cent over that period, many of that came towards a finish due to supply disruptions from Hurricane Harvey.

• Harvey could travel Canadian gas prices by adult to 15 cents

Food prices, meanwhile, have risen by 1.4 per cent in a past 12 months.

Consumers paid 3.3 per cent less for seat in Sep compared with a same month a year earlier. Clothing and footwear, meanwhile, were 2.3 per cent cheaper.

More to come

Article source: http://www.cbc.ca/news/business/inflation-rate-september-1.4363659?cmp=rss