The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in sight to the elevated readings.
Overall, headline inflation last month was 4.4 per cent — the fastest annual pace since February 2003. Statistics Canada said the annual inflation rate would have been 3.5 per cent had it excluded gasoline prices from its calculation.
Economists warned Wednesday that inflation readings could hover around four per cent until the end of the year.
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