Canada inflation rises to 3.1 percent in September

Canada annual inflation rose to 3.1 percent in September driven by higher energy prices. The consumer price index exceeded the central bank upper limit. Analysts had predicted a slightly higher rate.

Foods of international origin are displayed on a store shelf as Canadian consumers double down on efforts to buy Canadian goods and boycott U.S. products, at a supermarket in Toronto, Ontario, Canada, September 9, 2026. REUTERS/Arlyn McAdorey

Canada's annual CPI rose to 3.1% in September, driven by higher energy costs. That figure missed the 3.2% consensus forecast from economists polled by Reuters. The data pushes inflation back above the central bank's upper limit ahead of a key policy meeting.

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