Canadian Immigration pays attention to Canada's Economic trends: On September 20, Statistics Canada released data showing that Canada's CPI year-on-year increased by 1.1% in August, with a month-on-month decrease of 0.2%, mainly influenced by a 1.1% year-on-year increase in storage fees. In addition, rents and natural gas prices increased year-on-year, gasoline prices rose by 2.2% year-on-year, food prices increased by 1.0% year-on-year, clothing and footwear prices rose by 2.3% year-on-year, transportation costs increased by 1.3% year-on-year, while mortgage interest rates decreased by 3.6% year-on-year, and personal care expenses decreased by 1.4% year-on-year.
Data also shows that after seasonal adjustments, Canada's CPI increased by 0.1% month-on-month in August. Among them, food prices rose by 0.4%, education and reading expenses increased by 0.3%, clothing and footwear prices rose by 0.2%, transportation costs increased by 0.1%, while only the prices of alcoholic beverages and tobacco products decreased by 0.1%.