Statistics Canada to report inflation figures for August this morning

OTTAWA — Statistics Canada is set to report fresh inflation figures for August this morning.

A poll of economists expects the annual rate of inflation was three per cent last month, holding steady from July, according to LSEG Data & Analytics.

RBC economists say Canada has seen inflationary pressure coming mainly from higher energy prices, which are up around 23 per cent from a year ago, though there was slight relief at the pumps last month compared with earlier this summer.

Crude prices in recent days have hovered around US$100 per barrel as the war in Iran ratchets up.