September Inflation: 2.2%

Inflation magnifying glass

CBJ — The annual rate of inflation in September was up 2.2%, which is a bit lower than most financial analysts had been anticipating. One of the key factors for the alteration was due to the price of gasoline prices stabilizing.

The rate of inflation for August was 2.8%.

Statistics Canada said prices were up in all eight major components for the 12 months to September.

The transportation index, which includes gasoline, was up 3.9% in September compared with a 7.2% move in August as gasoline prices last month were up 12% compared with a 19.9% increase in August.

Food prices were up 1.8%, while shelter costs rose 2.5%. Alcoholic beverages and tobacco products were up 4.4%.

September Inflation rate by province (previous month in brackets):

  • Newfoundland and Labrador: 1.4 per cent (2.5)
  • Prince Edward Island: 1.7 (3.0)
  • Nova Scotia: 1.7 (2.7)
  • New Brunswick: 2.0 (2.6)
  • Quebec: 1.7 (2.2)
  • Ontario: 2.2 (3.1)
  • Manitoba: 2.4 (2.9)
  • Saskatchewan: 1.8 (2.2)
  • Alberta: 3.0 (3.1)
  • British Columbia: 2.5 (2.9)

@CanBizJournal

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