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Inflation rate remained relatively flat in August

Last Updated Sep 16, 2020 at 10:02 am EST

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Consumer Price Index in August was up 0.1 per cent compared with a year ago

Annual inflation rate unchanged from the year-over-year increase of 0.1 per cent in July

OTTAWA – The Consumer Price Index rose 0.1 per cent in August on a year-over-year basis, matching the increase seen in July, Statistics Canada says.

On a seasonally adjusted monthly basis, the rate of inflation also rose 0.1 per cent last month.

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.

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.

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