Inflation rate spikes to 4.1% in August, highest since 2003

Inflation rate spikes to 4.1% in August, highest since 2003

Inflation rate spikes to 4.1% in August, highest since 2003 Cost of owning and maintaining a home increasing at fastest pace in more than 30 years Canada's consumer price index touched its highest level in almost two decades last month, as the price of just about everything is up sharply compared to the transitory lows of a year ago. Statistics Canada reported Wednesday that the inflation rate hit 4.1 per cent in August. That's up from 3.7 per cent in July, which was already the highest rate in a decade. Just about every type of good or service was a lot more expensive in August than it was a year earlier, including shelter (up 4.8 per cent), transportation (8.7 per cent) and food (2.7 per cent). The homeowners' replacement cost …
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