Canada Annual Inflation Rate Rises 1.4% in August

09/22/17 08:45 AM EDT
    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%.

 

Write to Paul Vieira at paul.vieira@wsj.com

 

(END) Dow Jones Newswires

September 22, 2017 08:45 ET (12:45 GMT)

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