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Canada's consumer prices in September rose at fastest rate in 18 years

Consumer prices in Canada rose at their fastest rate in 18 years in September, as the country continued to grapple with global supply chain issues.
 
The annual inflation rate hit 4.4%, up from 4.1% in August, its highest level since February 2003.
 
The costs of transport, housing and food all jumped.
 
Canada's central bank, which meets next week to decide whether to raise interest rates, is watching the trend.
 
A combination of surging consumer demand, global supply chain issues, product shortages, and rising oil prices are driving up the cost of living from pandemic-era lows.


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