Canada’s national annual inflation rate has dropped slightly to 6.9 per cent from 7 per cent in August, even though grocery bills continue to climb. Grocery prices rose at the fastest rate since August 1981, with prices up 11.4 per cent compared with a year ago.
In Newfoundland and Labrador, inflation dropped to 6.1 per cent from 6.4, the lowest of any province except Alberta.
In the St. John’s region, the cost of living went up by 5.8 per cent in September, slightly less than the August rate.