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Thursday, September 17, 2009

Inflation Rate Edges Up Slightly

Saint John's inflation rate is still below the zero mark. The port city's rate of inflation grew to negative 0.2 per cent in August compared with negative 0.4 per cent in July. That's the same as the province.


Stats-Canada says the national inflation rate edged up slightly to negative 0.8 per cent last month. Lower gas prices continue to drive the inflation rate down. It cost just over a dollar a litre on average to fill up last month, compared with average prices of a-dollar-27 at the pumps last August.