The Consumer Price Index in Canada jumped 4.4 per cent year over year in September.
Statistics Canada says it’s the fastest pace of inflation since February 2003, and up from a 4.1 per cent rise in August.
Parents must be in shock when they fill up their car at the pump.
Drivers continue to feel pain at the pumps with a 32.8 per cent increase in gasoline prices, but those scorching gains were 0.1 per cent lower than in August.
Don't worry, the core only went up 1.8%!
“The core-common component indicator remained at 1.8 per cent,” said Mendes.
“That's the measure that's most correlated with slack in the economy and will likely leave the central bank viewing the recent rise in prices as transitory.”
Yeah, tell that to the minimum wage workers in Ontario who got a splendid 2.5% increase in three years.