Inflation falls to 3.8 per cent

Posted: October 18, 2023 8:47 am
By Web Team


Statistics Canada has released the latest inflation numbers.

Inflation is at 3.8 per cent, down from a 4.0 per cent gain in August.

The deceleration was due in part to lower prices for some travel-related services, durable goods and groceries.

The cost of groceries continued to slow in September but is still at 5.8 per cent year over year, following a 6.9 percent increase in August.

Last month gasoline prices rose 7.5 per cent at the national level.

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