Statistics Canada (StatsCan) reported today (10-20-21) that the Canadian Consumer Price Index (CPI) increased 4.4% year-over-year in September. The September increase was at the fastest pace since February 2003. Prices rose year-over-year in every major component in September, with transportation prices (+9.1%) contributing the most to the all-items increase. Higher shelter (+4.8%) and food prices (+3.9%) also contributed to the growth in the all-items CPI for September.
Month-over-month, the CPI increased 4.1% from August. Excluding gasoline, the CPI rose year-over-year in September by 3.5%.
Month-over-month the CPI growth has been positive for nine consecutive months. On a seasonally adjusted monthly basis the CPI rose 0.4%.
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Consumer Price Index, September 2021