(George Frey/Bloomberg - image credit)Canada's official inflation rate slowed for the third month in a row in September, even as many goods and services continued to get more expensive. Economists had been expecting an even bigger drop off, to about 6.7 per cent, but food prices pulled the headline number up. The number means food inflation is almost twice as much as the overall inflation rate. Food inflation has now been higher than the overall rate for 10 months in a row. Annual inflation in Canada continues to slowFood prices may keep climbingWorse still, there's reason to fear that food prices may keep going higher for seasonal and currency reasons.

Source: CBC News October 19, 2022 19:21 UTC