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Canada’s inflation rate falls to 1.0 per cent in September

Statistics Canada says the decline was due to a larger year-over-year drop in gasoline prices


 
THE CANADIAN PRESS/Michelle Siu

THE CANADIAN PRESS/Michelle Siu


OTTAWA —Canada’s inflation rate fell to 1.0 per cent in September, which was down from 1.3 per cent in August.

Statistics Canada says the decline was due to a larger year-over-year drop in gasoline prices, which were down 18.8 per cent compared with last year.

Prices were up in seven of the eight major categories in the consumer price index.

The only decline was a 3.5 per cent drop in the transportation group, which includes gasoline.

Food prices were up 3.5 per cent overall compared with the same month last year.

The Bank of Canada’s core index, which excludes some of the most volatile components, was up 2.1 per cent from a year ago

 


 
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