People shop at a farmers' market in Toronto, Canada, on Sept. 19, 2023. Canada's consumer price index (CPI) rose 4 percent in August year over year, following a 3.3 percent increase in July, Statistics Canada said Tuesday.(Photo: Xinhua)

 

A customer shops at a grocery store in Vancouver, British Columbia, Canada, on Sept. 19, 2023. Canada's consumer price index (CPI) rose 4 percent in August year over year, following a 3.3 percent increase in July, Statistics Canada said Tuesday.(Photo: Xinhua)

 

A woman shops at a farmers' market in Toronto, Canada, on Sept. 19, 2023. Canada's consumer price index (CPI) rose 4 percent in August year over year, following a 3.3 percent increase in July, Statistics Canada said Tuesday.(Photo: Xinhua)

 

People shop at a farmers' market in Toronto, Canada, on Sept. 19, 2023. Canada's consumer price index (CPI) rose 4 percent in August year over year, following a 3.3 percent increase in July, Statistics Canada said Tuesday.(Photo: Xinhua)

 
Canada's consumer price index (CPI) rose 4 percent in August year over year, following a 3.3 percent increase in July, Statistics Canada said Tuesday.

The headline acceleration was largely the result of higher year-over-year prices for gasoline in August. Excluding gasoline, the CPI rose 4.1 percent in August, matching the 4.1 percent increase in July, the national statistical agency said.

In addition to facing higher energy prices, Canadians paid more for rent and mortgage interest in August. Moderating the all-items CPI were declines in prices for travel-related services and a smaller increase in food prices compared with the previous month, the agency said.

On a monthly basis, the CPI was up 0.4 percent in August, following a 0.6 percent gain in July. The monthly slowdown was mainly driven by travel tours and air transportation, as prices fell month over month following the peak of summer travel demand in July, Statistics Canada said.