Claims extracted
17
sentences that state something as happening or true
Uncertain
0%
0 of 17 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
63/100
Global News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Consumer inflation held steady at three per cent last month compared to a year earlier as higher rent and travel costs offset a slowdown in rising prices for gas and groceries.
asserted
costs → hold → gas
Statistics Canada says the annual rate of inflation, as measured by the consumer price index (CPI), was unchanged from July.
asserted
rate → say → July
The agency says gasoline costs continued to increase in August but at a slower pace, with prices up 22.8 per cent compared with 25.7 per cent a month earlier, as the conflict in the Middle East continued to weigh on prices.
asserted
conflict → say → prices
Excluding gasoline, core consumer prices rose 2.4 per cent last month compared to a year earlier, up from 2.2 per cent in July.
asserted
prices → exclude → July
Some economists note the recent oil and gas price spikes appear to be contained, at least for now.
asserted
spikes → note → ?
“Headline inflation remained elevated in August, but core measures continued to show only limited evidence that high energy prices are spilling over into wider inflationary pressure,” said CIBC economist Andrew Grantham in a statement.
asserted
Grantham → remain → statement
Abbey Xu, economist at the Royal Bank of Canada, also said, “There continued to be limited evidence that elevated energy costs were generating significant second-round inflation.
asserted
costs → say → inflation
Price growth remained high for energy-intensive categories such as air travel but had not spread materially across the broader consumer basket.”
asserted
growth → remain → basket
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Xu added: “The risk of greater pass-through will rise the longer oil prices remain elevated.”
asserted
prices → get → through
Travel and tour costs surged 26.1 per cent in August from a year earlier, up from a 15.2 per cent increase in July, and Statistics Canada says rising fuel surcharges amid higher prices for jet fuel was one of the main reasons for this.
asserted
surcharges → surge → this
One of the other reasons for this sharp increase in travel and tour costs was what the agency says was a “base-year effect” when comparing to a year earlier.
asserted
agency → say → costs
That’s because prices for flights and tours were significantly higher last month than they were 12 months before, when there was a notable decline in Canadian travel to the United States.
asserted
they → ’ → States
Housing costs were another hot spot for inflation last month, with rent prices increasing 2.8 per cent year-over-year in August, up from 2.5 per cent in July.
asserted
prices → increase → July
Grocery prices continued to rise by 2.8 per cent last month compared to a year earlier, down from 3.1 per cent in July.
asserted
prices → continue → July
August also marked the first time since July 2024 that retail food costs increased at a slower pace than the overall inflation reading, and Statistics Canada says grocery price growth increased at a slower pace than all the other categories in the August CPI report.
asserted
growth → mark → report
Dairy products like cheese and yogurt saw price growth decelerate the most in the grocery basket, rising 0.7 per cent year-over-year in August compared with a 3.1 per cent increase in July.
asserted
growth → see → July
The agency also notes that although overall food price growth cooled off in August, food prices have increased 29 per cent since August 2021.
asserted
prices → note → August
The Aporia
