Inflation ticks higher to 1.9% in August, short of economists’ expectations

By Craig Lord in Ottawa

Some stubbornness at the gas pumps pushed the headline inflation rate a couple ticks higher to 1.9 per cent in August, Statistics Canada said Tuesday.

Gasoline prices rose 1.4 per cent month-over-month in August as higher refining margins offset lower crude costs, StatCan said.

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The price of gas was still down 12.7 per cent annually in August – the end of the consumer carbon price has deflated costs for motorists since the spring – but the decline fell short of July’s 16.1 per cent drop, pushing the headline inflation rate highe