Canada Annual Inflation Rate Rises 1.4% in August
By Paul Vieira
OTTAWA--Canada's annual inflation rate accelerated in August to hit a four-month high, with gasoline and shelter costs lifting prices higher.
The all-items consumer-price index in August rose 1.4% from a year earlier, Statistics Canada said Friday, following a 1.2% advance in the previous month. The August rise was short of market expectations for a 1.5% advance, according to economists at Royal Bank of Canada.
On a month-over-month basis, CPI rose 0.1%.
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(END) Dow Jones Newswires
September 22, 2017 08:45 ET (12:45 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.