Canada’s Inflation Trends: A Quick Overview for August 2023

In Canada, the latest inflation data for August 2023 reveals key trends. The year-over-year percent change in the CPI-Common measure stood at 4.8%, showing a stable figure from the previous month. The CPI-Median measure recorded a rate of 4.1%, indicating a consistent trend. For the CPI-Trim measure, the year-over-year percent change was 3.9%, reflecting a steady inflation pattern. These figures serve as crucial indicators for economic analysis and policymaking, offering insights into Canada’s inflationary landscape.