Canada's Inflation Rises to 3.1% in September on Energy Prices

Statistics Canada reported that annual inflation rose to 3.1% in September 2026, with coverage attributing the increase to higher fuel and energy prices. Some economists say the figure puts the Bank of Canada in a difficult position ahead of its interest rate decision later this month.

AI-written summary of 5 sources; every verified point is backed by a verbatim quote. How Iyan works

• Canada's annual inflation rate rose to 3.1% in September, according to Statistics Canada.

  «Canada's annual inflation rate rose to 3.1 per cent in September, Statistics Canada said on Monday»

  BNN Bloomberg • BNN Bloomberg • CBC
• Coverage attributed the increase to higher fuel and oil prices, and one source linked it to the continuing war in the Middle East.

  «The annual pace of inflation rose to 3.1 per cent in September as war in the Middle East continued to drive up gas prices»

  BNN Bloomberg • The Real Economy Blog • BNN Bloomberg
• Inflation stood at 2.1% excluding energy.

  «Excluding energy, inflation came in at a reasonable 2.1 per cent.»

  The Real Economy Blog
• Some economists say the figure puts the Bank of Canada in a difficult position before it announces its interest rate decision later this month.

  «which according to some economists leaves the Bank of Canada in a difficult position ahead of its rate announcment later this month»

  CBC

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