StatCan says higher gasoline and housing prices fueled much of the rise
Food makers are steadily shrinking package sizes to offset rising input costs
The central bank forecast inflation will run above 3 per cent this year
The Bank of Canada has held its current rate since March 2020 when the COVID-19 pandemic was first declared
Statistics Canada says driving much of the growth was a 5% year-over-year increase in gasoline prices
The increase compared with a year-over-year rise of 0.5 per cent in September
The average economist estimate had been for a year-over-year increase of 0.4 per cent for August
Statistics Canada says air travel prices fell in July by 8.6 per cent
Gas prices rose 11.2% due to events in Middle East and coronavirus outbreak
