Inflation slows to 1.1 per cent in August: StatsCan

OTTAWA – The annual inflation rate slowed to 1.1 per cent in August, Statistics Canada said Friday.

That compared with an increase of 1.3 per cent in July for the consumer price index.

The Bank of Canada’s core inflation index rose 1.3 per cent for August compared with 1.4 per cent in July. The results were in line with the expectations of economists.

The main contributor to inflation for the month was rising shelter and transportation costs.

Canadians paid more for rent and natural gas, offset by lower mortgage interest costs.

Meanwhile, the price of gasoline was also higher as well as the cost of vehicles.

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