August 2013 CPI Report: How Gasoline and Food Impacted Canadian Inflation
In August 2013, Canada’s inflation rate eased to 1.1% year-over-year, according to Statistics Canada, down slightly from July’s 1.3%. Key influences included lower gasoline prices and slowing increases in passenger vehicle costs. Food prices continued their steady rise, affecting family budgets, while the Bank of Canada’s core inflation rate held at 1.3%. This article provides detailed CPI and core index breakdowns, along with insights into how fluctuating fuel prices impact the broader economy. Though historical, this snapshot of consumer price trends offers valuable lessons on inflation, interest rate expectations, and cost-of-living dynamics in Canada.
