Canada's annual inflation rate was greater than check-in at 3.1 percent as consumers expected more for gasoline and food in August numbers.
The August increase followed by 2.7 per cent in July and by 3.1 percent in June, Statistics Canada said Wednesday.
Economists had a rate year compared to the previous 2.9 percent of inflation for August, according to a survey of the Reuters news agency 24 forecasts are forecasts.
The Bank of Canada observed core inflation rose 1.9% in the 12 months to August, index after an increase of 1.6% in July. The higher increase is the August mainly to an increase in the price of insurance premiums for the passenger car, food, purchased restaurants as well as baked goods and cereals.
The Central Bank aims to keep the general inflation of 2% in the heart of their target area in one to three percent inflation control at the finish. The Central Bank Governor, mark Carney, said on Tuesday he was worried about inflation, and that he would raise rates not.
"Despite the upside risks surprise to core inflation, appears no rush to the Bank of Canada, tighten in view of the economic and financial market headwinds, which currently are bubbles," BMO Financial Group Chief Economist Sherry Cooper said in comment. "But the appetite to facilitate looks now less."
Derek Burleton, Deputy Chief Economist at TD economics, thinks that the August inflation rise will be temporary.
"Since August, short-term economic growth prospects worldwide and in Canada have sour, and commodity prices have again drawn world," said Burleton. "These developments should start to show up in the September inflation figures."
Statistics Canada said that 22.8 percent August 2010-August 2011, compared with 23.5 percent went the gas prices 12 months in July. Prices for heating oil and electricity also increased prices for natural gas fell.
Food prices went up 4.4 percent in the 12 months to August, after an increase of 4.3 percent in July. Consumers paid 5.0 per cent more for food, by shops bought and 2.7 per cent for meals in restaurants.
Seasonally adjusted monthly rates consumers by 0.3 percent from July and August. Economists had expected an increase of 0.1 percent.
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