Statistics Canada says inflation in September was up 0.5 per cent compared with a year ago.
The reading compared with a year-over-year increase of 0.1 per cent in August. Economists on average had expected a year-over-year increase of 0.4 per cent, according to financial data firm Refinitiv.
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The statistics agency says that prices were up in six of the eight components of the inflation tracker, including increases in tuition fees as students headed back to school.
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The agency also says the back-to-school shopping season wasn’t as big as it was one year ago, marked by a year-over-year drop of 4.1 per cent in clothing and footwear prices.
Statistics Canada says the consumer price index would have increased by 1.0 per cent in September had a 10.7 per cent year-over-year drop in the price of gasoline not been factored in.
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