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Annual Inflation Rate Rises in September

Stats Canada reports numbers not seen since 2003

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Statistics Canada says the annual pace of inflation rose in September to numbers not seen since February of 2003.

Stats Canada writing the consumer price index last month was up 4.4 per cent when compared to a year ago.

Most of the increase was seen at the pumps as consumers paid 32.8 per cent more last month for gasoline than in September of 2020.

Had gas prices been excluded from the inflation rate, the number would sit at 3.5 per cent.

Food prices also rose 3.9 per cent year over year when compared to the 2.7 per cent in August.