The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in August, up from a 1.7% increase in July, according to a Statistics Canada report.
School staples like backpacks, lunchboxes, pencils, tech accessories, and even glue sticks are particularly vulnerable, as they often rely on imported inputs
Prices for food purchased from stores have been increasing at a faster rate than the all-items CPI for three consecutive months, says Statistics Canada.
The imposition of tariffs by the United States and/or countermeasure tariffs by the Canadian government will have an impact on prices paid by Canadian consumers in the coming months, says Statistics Canada.