The latest data from Statistics Canada reveals that the national inflation rate increased to 3.1% in September. This rise was primarily driven by higher gasoline prices during the month. Food prices also saw an uptick, although the pace of increase was slower compared to the previous month.
Prior to the official release, a survey conducted by Bloomberg among 12 economists had forecasted a 3.18% year-over-year increase in the September consumer price index.
Stay tuned for more updates on this developing story.