Investing.com - The overall rate of inflation in Canada rose in August, Statistics Canada said on Friday.
The consumer price index rose 2.8% last month, compared with the same month a year earlier.
Prices fell by 0.1% from a month earlier.
Economists had expected annual inflation to increase by 2.8% and monthly inflation to fall by 0.1%.
Core inflation, which excludes gasoline, was up 1.7% from a year earlier and rose by 0.1% from the previous month.
The Bank of Canada aims to keep inflation at 2%, the midpoint of a target range of 1% to 3% over the medium term.