(The Canadian Press)

By The Canadian Press

Consumer price index in August hits 0.1 per cent, Statistics Canada says

Sep 16, 2020 | 9:08 AM

OTTAWA – Statistics Canada says the consumer price index in August was up 0.1 per cent compared with a year ago.

The annual inflation rate was unchanged from the year-over-year increase of 0.1 per cent in July.

The average economist estimate had been for a year-over-year increase of 0.4 per cent for August, according to financial markets data firm Refinitiv.

Gasoline prices remained down 11.1 per cent compared to August 2019, following a 14.9 per cent decline recorded in July.

Excluding gasoline from the inflation calculations, the consumer price index rose by 0.6 per cent in August.

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Prices, though, were up in other categories such as personal care services like haircuts, which had a year-over-year increase of 7.2 per cent.

(The Canadian Press)