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Canada's August inflation holds steady at 3% as crude stays firm; food prices ease
- Statistics Canada reported Canada's annual inflation rate held at 3.0% in August, matching July and analysts' forecasts, as firm crude prices offset cooling food costs.
- Food inflation growth slowed to 2.8% annually, the first time in 14 months it fell below 3%, driven by cheese and yogurt costs decelerating to 0.7% from 3.1% in July.
- Shelter costs rose to 1.5% from 1.3%, while travel and tours surged 26.1%, offsetting food relief; core inflation measures hovered around 2% for several months.
- The Canadian dollar slid 0.29% to C$1.3909 and two-year government bond yields firmed to 2.703%, reflecting market recalibration of The Bank's policy stance.
- Brent crude prices crossed $100 per barrel this month while President Donald Trump's 50% tariffs and Canadian retaliatory measures threaten to pressure inflation higher.
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Winnipeg Free Press+4 Reposted by 4 other sources
Here's a list of August inflation rates for Canadian provinces
OTTAWA - Canada's annual inflation rate was 3.0 per cent in August, Statistics Canada says. Here's what happened in the provinces (previous month in brackets):
·Winnipeg, Canada
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Canada Inflation Steady at 3% in August
Canadian inflation steadied last month as rising travel costs and a rebound in rents countered a softer jump in gasoline prices. The consumer-price index slipped 0.1% in August, holding the annual rate of inflation at 3%, Statistics Canada said Monday.
·New York, United States
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Canada's August inflation holds steady at 3% as crude stays firm; food prices ease
Canada's annual inflation growth rate held at 3% in August, same as last month, as crude prices continued to stay firm affecting gasoline costs and food prices cooled only moderately, data showed on Monday.
·London, United Kingdom
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Total News Sources25
Leaning Left7Leaning Right3Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 37%
C 47%
R 16%
Factuality
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