Inflation Rate Hits 3.1% in September

The latest data from Statistics Canada shows that the national inflation rate increased to 3.1% in September. This rise was primarily driven by higher gasoline prices during the month. Food prices also saw an increase, although the pace was slower compared to the previous month.

Before the official release, a survey of 12 economists by Bloomberg had predicted a 3.18% year-over-year increase in the September consumer price index.

Stay tuned for more updates on this developing story.