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Canada's inflation rate hits a fresh 18-year high
Consumer prices in Canada rose at their fastest rate in 18 years in September, as the country continued to grapple with global supply chain issues. The annual inflation rate hit 4.4%, up from 4.1% in August, its highest level since February 2003. The costs of transport, housing and food all jumped, the country's official statistics agency said. Canada's central bank, which meets next week to decide whether to raise interest rates, is watching the trend. Like many countries, Canada has seen inflation - the rate at which consumer prices rise - heat up since its economy reopened after coronavirus lockdowns. A ... (full story)