National Inflation Drops To 1.6% In September

Statistics Canada says the national inflation rate in September was 1.6%.

That’s down from a 2% in August and is the smallest yearly increase since February of 2021.

The federal agency says the main contributor to the drop in inflation last month was lower year-over-year prices for gas.

The all-items inflation rate in September, excluding gasoline, was 2.2%, matching the increase in August.

Meanwhile, Nova Scotia’s September inflation rate was .9%.

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