Canada's inflation rate steady at 3% in August as travel, rent costs soar

By Global News

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Canada's inflation rate held steady at three per cent during August compared to a year earlier. Statistics Canada says the annual rate of inflation, as measured by the consumer price index (CPI), was unchanged from July. The agency says gasoline costs continued to increase in August but at a slower pace, with prices up 22.8 per cent compared with 25.7 per cent a month earlier, as the conflict in the Middle East continued to weigh on prices. As Heidi Petracek reports, higher rent and travel costs offset a slowdown in rising prices for gas and groceries. For more info, please go to https://globalnews.ca/news/12058045/inflation-august-2026/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews

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