Consumer demand has held up better than expected over the summer, which has allowed for price growth in some categories as well as letting businesses pass on additional costs, economist says.
Reduced pace of price growth was broad-based, spanning goods and services.
Nationally, June inflation rate turns positive amid early stages of economic reopening
The national drop in inflation in April was fuelled by a 39.3 per cent plunge in gasoline prices, the largest year-over-year decline on record.
Pandemic causes gas prices to plummet
National price increases fuelled by higher costs at the gas pump and pricey produce.
Economist says underlying pace of inflation remains close to Bank of Canada's target of 2%
Ottawa’s annual rate of inflation ballooned to 2.5 per cent in November – the largest increase so far this year – according to data released Wednesday from Statistics Canada.
Ottawa’s annual rate of inflation rose slightly above the national average in October, up two per cent over last year’s figures
Ottawa’s annual rate of inflation held at 2.1 per cent for the second month in a row, Statistics Canada reported Wednesday, mirroring a steady trend across the rest of the country