Canada's inflation rate rises to 3%, highest level since 2011

August 20, 2018

Canada's inflation rate rose to its highest level since 2011 last month, as higher prices for airplane tickets, tourism and gasoline pushed the rate to three per cent.

Statistics Canada said Friday the consumer price index hit an annual rate of three per cent in July. That's up from 2.5 per cent in June, which was already the highest level in more than six years.

All eight components that the data agency tracks to come up with the rate were higher, and the inflation rate also rose in every single province...

This was excerpted from the 17 August 2018 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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