{"id":27820,"date":"2022-09-20T08:47:16","date_gmt":"2022-09-20T12:47:16","guid":{"rendered":"http:\/\/t3_xj7vxw"},"modified":"2022-09-20T08:47:16","modified_gmt":"2022-09-20T12:47:16","slug":"canadas-inflation-rate-cools-to-7","status":"publish","type":"post","link":"https:\/\/blog.andrewwbradley.ca\/index.php\/2022\/09\/20\/canadas-inflation-rate-cools-to-7\/","title":{"rendered":"Canada’s inflation rate cools to 7%"},"content":{"rendered":"

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Canada's inflation rate cooled to seven per cent in August, Statistics Canada said Tuesday.<\/p>\n

Economists had been expecting the rate to come in at 7.3 per cent, after inflation rose to a 40-year high of 8.1 per cent earlier this summer.<\/p>\n

Instead, the rate fell by even more than expected, mostly because gasoline got much cheaper during the month.<\/p>\n

Gas prices fell by 9.6 per cent in August from where they were the previous month. That is the biggest one-month drop in gasoline prices since April 2020, when the pandemic was just beginning.<\/p>\n

While gasoline got cheaper during the month, food prices continued their increase \u2014 the cost of groceries has risen has risen by 10.8 per cent in the past year.<\/p>\n

That's the fastest increase in the typical grocery bill since 1981.<\/p>\n<\/blockquote>\n

https:\/\/www.cbc.ca\/news\/business\/inflation-canada-august-1.6588486<\/a><\/p>\n<\/p><\/div>\n

submitted by \/u\/TheMonkeyMafia <\/a>
[link]<\/a><\/span> [comments]<\/a><\/span>Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Canada's inflation rate cooled to seven per cent in August, Statistics Canada said Tuesday. Economists had been expecting the rate to come in at 7.3 per cent, after inflation rose to a 40-year high...<\/p>\n","protected":false},"author":1,"featured_media":24127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27820"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27820"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media\/24127"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}