Canada’s Inflation Rate Drops Slightly in September Even as Food Costs Climb

People shop for produce and seafood at the Granville Island Market in Vancouver, on July 20, 2022. The Canadian Press/Darryl Dyck

Canada’s annual inflation rate dropped slightly to 6.9 percent in September but the cost of groceries continues to climb.

In its latest consumer price index report, Statistics Canada said the slight deceleration from 7.0 percent inflation in August is mostly attributed to lower gas prices, which fell by 7.4 percent in September.