Canada’s inflation rate reaches 4.1% in August, highest since 2003
CA, 16 Sep 2021
Canada’s headline inflation rate reached its highest point in nearly two decades in August, as the consumer price index rose 4.1 per cent compared with a year ago.
The rise was driven by the rollback in economic restrictions as well as supply-chain issues, like those for semi-conductors that helped drive price growth for autos, with new vehicle prices up 7.2 per cent year-over-year in August.
Anne Gaviola has a closer look at what’s driving the inflation increase and what the impact is on Canadians’ wallets.
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