Stats Canada showing annual Inflation Down

Statistics Canada says the annual inflation rate slowed to 3.8 per cent last month, as prices per year rose more slowly across the economy. The latest report shows consumers paid significantly less for airfare compared with a year ago, while prices for durable goods also fell. Stats Can says grocery prices continue to rise rapidly, but the pace of growth fell to 5.8 per cent in September, down from 6.9 per cent in August. Meanwhile, higher gasoline prices put upward pressure on inflation, as prices were 7.5 per cent higher than they were in September 2022.