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Annual inflation rate hits 4.4 per cent
BY The Canadian Press, Oct 20, 2021 4:24 PM - REPORT AN ERROR
A woman fills her vehicle with fuel during the COVID-19 pandemic in Toronto on Tuesday, October 19, 2021. Statistics Canada is scheduled to say this morning what the country's headline inflation barometer registered in September. THE CANADIAN PRESS/Evan Buhler
Inflation hit an 18-year high in September, rising to 4.4 per cent.
On top of a 32.8 per cent year-over-year jump in gas prices, it's costing a lot more to put food on the table.
Food prices rose 3.9 per cent last month, with meat prices rising 9.5 per cent -- the fastest pace since April 2015.
Statistics Canada reports dairy products cost 5.1 per cent more, while prices for edible fats and oils rose 18.5 per cent, which was the largest year-over-year increase since January 2009.
The cost of fresh vegetables fell 3.2 per cent, largely due to a 26.1 per cent drop in tomato prices.
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