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Canada’s inflation rate reaches 4.1% in August, highest since 2003

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

The rise was driven by the rollback in economic restrictions as well as supply-chain issues, like those for semi-conductors that helped drive price growth for autos, with new vehicle prices up 7.2 per cent year-over-year in August.

Anne Gaviola has a closer look at what’s driving the inflation increase and what the impact is on Canadians’ wallets.

For more info, please go to https://globalnews.ca/news/8191735/statistics-canada-inflation-data-august/
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Category
U.S. & Canada
Tags
global news, Highline inflation rate, inflation
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