Inflation rate rises to 4 percent year-over-year

Kevin Northup September 19, 2023 8:33 am Last Updated on September 19, 2023 8:33 am

Canada’s inflation rate rose to 4 percent in August.

Stats Canada says it’s due to higher gas prices, which went up 4.6 percent last month.

They are 0.8 percent higher than they were this time last year.

The high price of groceries also continues to be an issue.

They’ve risen by 6.9 per cent this year alone.

The Consumer Price Index (#CPI) rose 4.0% year over year in August 2023, following a 3.3% increase in July. Consult our latest article for more information: https://t.co/08lxD6hA5I. pic.twitter.com/GfrqtuoBUp

— Statistics Canada (@StatCan_eng) September 19, 2023

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Kevin Northup

Kevin Northup has been a reporter and news anchor for more than 15 years. He is based in Yarmouth and covers stories locally and across Nova Scotia. Contact Kevin at northupk@radioabl.ca.