Inflation holds at 3% in August as rent, travel prices rise: StatCan
Statistics Canada says the annual rate of inflation was unchanged at 3% in August as a slowdown in rising gas prices was offset by higher rent and travel tour costs.
The agency says gasoline costs continued to increase in August but at a slower pace, with prices up 22.8% compared with 25.7% a month earlier, as the conflict in the Middle East continued to weigh on prices.
Excluding gasoline, consumer prices rose 2.4% last month.
READ: Statistics Canada reports retail sales up 0.6% in June at $74.3B
StatCan says grocery prices increased at a slower pace than overall inflation for the first time in more than two years, with prices rising 2.8% year-over-year.
But the agency says consumers paid more for travel because of a rise in fuel surcharges and as airlines adjusted to the sharp decline in Canadian travel to the United States in 2025.
It says rent prices increased 2.8% year-over-year in August, up from 2.5% in July.
