Inflation Holds at 3% in August as Grocery Price Growth Slows

Canadian inflation held steady in August, with easing gasoline and grocery price growth offset by higher travel tour and rent costs. Statistics Canada reported Monday that the Consumer Price Index rose 3% year over year in August, matching July’s increase. On a monthly basis, the CPI fell 0.1%, while the seasonally adjusted index increased 0.2%. Gasoline prices remained a major source of inflation but rose at a slower annual pace, increasing 22.8% from a year earlier compared with 25.7% in