Canada's Inflation Rate at 3.2% in September


Canada's consumer prices rose 3.2% in the 12 months to September, led by higher prices for gasoline and food. This follows a 3.1% increase posted in August.

Energy prices advanced 12.5% during the 12 months to September, following a 13.4% increase in August. On a year-over-year basis, gasoline prices rose 22.7%, after gaining 22.8% in August. Prices for fuel oil rose 27.4% while prices for natural gas fell 4.7%.

Prices for food rose 4.3% in the 12 months to September after increasing 4.4% in August.

Excluding food and energy, the Consumer Price Index (CPI) increased 1.9% in the 12 months to September, following a 1.5% advance the month before. Larger year-over-year price increases in September were observed for the purchase of passenger vehicles, clothing and passenger vehicle insurance premiums.

On a seasonally adjusted monthly basis, consumer prices rose 0.3% from August to September, matching the increase recorded the month before. The transportation index advanced 1.0% after increasing 0.9% in August.


TradingEconomics.com, Statistics Canada
10/21/2011 12:27:53 PM