Home Business Canada’s annual inflation rate in August hits 4.1%, highest since 2003 By...

Canada’s annual inflation rate in August hits 4.1%, highest since 2003 By Reuters

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© Reuters. FILE PHOTO: Sales on clothing and shoes are advertised at the entrance to a Forever 21 fashion retail store in downtown Toronto, Ontario, Canada September 30, 2019. REUTERS/Chris Helgren

OTTAWA (Reuters) – Canada’s annual inflation rate accelerated to 4.1% in August, the highest since 2003, up from a year-over-year increase of 3.7% in July, Statistics Canada said on Wednesday.

Analysts polled by Reuters had expected the annual rate to rise to 3.9% in August.

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