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The consumer price index rose 4.1 per cent in August from a year earlier, Statistics Canada reported Wednesday in Ottawa, marking the fifth consecutive month of inflation readings above the Bank of Canada’s 3 per cent cap. That’s the highest since March 2003, when it touched 4.2 per cent. Economists were predicting a yearly gain of 3.9 per cent. A surge in housing costs has been a key driver in annual inflation. |
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