OTTAWA: Canadians paid 1.3 percent more for goods and services in August than a year earlier, as rock bottom oil prices continued to temper inflation, the government statistical agency announced Friday.
The rise matched the previous month's increase, and was a tick more than the 1.2 percent analysts had expected.
Higher food prices led the increase. Beef and restaurant meals cost more in the month.
The cost of running a Canadian household also rose due to slightly higher rates for telephone and Internet services, as well as increased furniture costs.
Mortgage insurance and electricity rates were higher but fuel oil prices were down 20 percent in the 12 months to August.
The price of buying a vehicle also rose, though gasoline prices continued to fall.
Excluding energy, inflation has topped 2.0 percent of the past year.
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