Business · Economy · 2 hrs ago
Canada's inflation rate rose to 3.1% in September as fuel prices climbed
Statistics Canada said annual inflation reached 3.1% in September, up from 3% in August.
The increase was driven mainly by gasoline, whose prices were 27.8% higher than a year earlier.
The Middle East war continued to push up fuel prices, and fuel oil costs also surged, affecting households that heat with oil, especially in Atlantic Canada.
Without gasoline, prices rose 2.2% over the year, showing how much fuel contributed to the overall increase.
Grocery prices rose 1.7% year over year, their smallest increase since May 2024, although they were still 33% higher than in September 2020.
Inflation varied across Canadian cities, but Statistics Canada cautioned that local figures may fluctuate widely because they rely on small samples.
Bloomberg reported that measures of underlying price pressures eased, even as the overall rate climbed.
Canada’s annual inflation rate rose to 3.1 per cent in September, Statistics Canada reported on October 19.
A 27.8 per cent year-over-year increase in gasoline prices led the acceleration.
Inflation excluding gasoline was 2.2 per cent.
Grocery prices rose 1.7 per cent year over year, the smallest increase since May 2024.
Bloomberg reported that measures of underlying price pressures eased.
- Who
- Statistics Canada reported the inflation data.
- What
- Canada’s annual inflation rate rose to 3.1 per cent in September, led by higher gasoline prices.
- When
- September 2026; the data was released on October 19, 2026.
- Where
- Canada.
- Why
- Higher gasoline prices drove the increase; articles 1 and 2 linked them to the war in the Middle East.
This story does not have two clearly opposing sides.
Beef prices rose 11 per cent year over year, according to the comparison reported by Statistics Canada.
Canada’s annual inflation rate rose to 3.1 per cent, while gasoline prices increased 27.8 per cent year over year.
Statistics Canada released its September consumer price index report.
- Annual inflation
- 3.1 per cent in September
- Gasoline prices
- Up 27.8 per cent year over year
- Inflation excluding gasoline
- 2.2 per cent in September
- Fuel oil and other fuels
- Up 57.8 per cent in September
- Grocery prices
- Up 1.7 per cent year over year, the smallest increase since May 2024
- Grocery prices since September 2020
- Up 33 per cent
6 sources
Here's a list of September inflation rates for Canadian provinces
Gas prices drove inflation up to 3.1% in September, says StatCan
Canada Inflation Rate Edges Up to 3.1%, Core Measures Ease
Inflation rises to 3.1%, as fuel prices push higher: StatsCan