Inflation rises to 3.1 per cent in September on higher gas prices

Annual inflation, September

3.1 %

Statistics Canada says consumer prices rose 3.1 per cent from a year earlier in September, up from 3.0 per cent in August.

Gasoline prices jumped 27.8 per cent over the year, despite the switch to the cheaper winter blend. Without gasoline, prices rose 2.2 per cent.

And us?

Fuel oil and other fuels rose 57.8 per cent, a hard hit in Atlantic Canada, where many homes are heated with oil.

Grocery prices since September 2020

33 %

Grocery prices rose 1.7 per cent, the smallest annual increase since May 2024, as fresh vegetables fell 2.9 per cent. Grocery prices are still up 33 per cent since September 2020.

Bank of Canada, Ottawa

It is the last inflation report before the Bank of Canada's interest-rate decision on Oct 28.