which StatCan says is largely due to high gas prices.
Fresh and frozen pork saw a significant drop in August, falling six per cent from July. The item has decreased 0.9 per cent year-over-year. Processed meat also saw a slight decrease in price between July and August, with a rate of 0.2 per cent. Year-over-year the commodity is still high at four per cent.
Other products have dropped in price between July and August but remain elevated year-over-year, the CPI report shows. Frozen and dried vegetables and edible oils and fats both increased by 0.7 per cent in price month-to-month.Fresh and frozen beef had one of the highest month-to-month increases rising 2.4 per cent. From August 2022 to August 2023 the product's inflation rate is 11.9 per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's a list of August inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 4.0 per cent in August, Statistics Canada says.
Source: SooToday - 🏆 8. / 85 Read more »
Statistics Canada to release inflation figures for August this morningOTTAWA — Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August. Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Canada's annual inflation rate fell to 2.8 per cent on an annualized basis in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. Ho
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Some banks see new cracks forming in a resilient US consumerSome banks said this past week that they are are noticing a divergence between the two ends of their customer base, with lower income feeling more pain on several fronts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Fidelity’s Billionaire Johnson Family Backs Consumer Venture Capital FundFMR LLC, the parent company of Fidelity Investments, is backing a new venture-capital fund whose initial investments span spices, vegan vitamins and skincare.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Keys to retail resurgence are better tools, TLC, says Ford dealershipCarle Ford in Gatineau, Que., store became a CADA Laureate by responding to changing consumer habits.
Source: AutoNewsCanada - 🏆 77. / 51 Read more »
Canada’s Kyle (The Monster) Nelson wins by decision on UFC Fight Night cardThe Canadian featherweight earned a unanimous decision over Mexico’s Fernando Padilla
Source: globeandmail - 🏆 5. / 92 Read more »