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Canada's Inflation Rises to 3. 1% as Fuel Oil Prices Jump 58%

Gasoline and fuel oil pushed Canada's annual inflation rate to 3. 1% in September, up from 3. 0% in August, as the war in the Middle East kept fuel prices high, Statistics Canada said on Monday. Gasoline prices rose 27. 8% from a year earlier, up from 22. 8% in August, despite the switch to the cheaper winter blend. Fuel oil and other fuels rose 57. 8%, up from 43. 7%, with the heaviest burden in Atlantic Canada, where many homes are heated with oil.

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