Inflation in Canada crept up half a percentage point in September to 2.4 per cent, up from 1.9 per cent in August.
The cost of groceries helped drive the rate up.
Food costs jumped four per cent from last year. Fresh vegetable prices increased 1.9 per cent after a two per cent August drop. Sugar and confectionery rose 9.2 per cent. Fresh or frozen beef and coffee increased due to low supply.
Filling up at the gas station cost Canadians 4.1 per cent less than in September 2024, largely because of the base year effect and refinery disruptions and maintenance in the U.S. and Canada.
Without gasoline, the Consumer Price Index rose 2.6 per cent in September.
Statistics Canada noted the cost of clothing rose 0.8 per cent last month, travel tours fell 1.3 per cent after August's 9.3 per cent drop, and the cost of renting a property rose 4.8 per cent.
Canada's inflation rate in September was at the higher end of the G7 Nations. The U.S. also recorded a 2.4 per cent increase last month, as did Germany. Japan's inflation rate was 2.5 per cent, four per cent is anticipated in the United Kingdom when their final numbers are released, and in Italy, it was 1.6 per cent. France's inflation rate was 1.2 per cent.
