Canada's inflation rate was 3.1% in September.
Posted by Your World Tonight, Checked
- Sources
- 1 contradict6 support
- Said
- 1 time·
- Confidence
- 95%
Your World TonightOct 28, 2026
Statistics Canada's own release, reported by multiple independent outlets, shows the annual inflation rate was 3.1% in September 2026, matching the claim. One Reuters story gave 3.2%, but the official StatCan figure and the other sources agree on 3.1%.
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What was said
… With the war in the Middle East persisting, global oil prices have increased and are expected to be higher for long. He's worried about a possible spillover of that energy inflation into the rest of the economy. Canada's inflation rate came in at 3.1% in September, but that was driven almost entirely by gas prices. If we strip out gasoline, that number would be much lower, at 2.2%. Pedro Antunes is chief economist at Signal 49 Research. …
Your World Tonight · · from the transcriptPost →What we found
Supports. Statistics Canada's September 2026 CPI release states the CPI rose 3.1% year over year in September, after 3.0% in August.[3]
Supports. Multiple independent outlets, including Reuters, CBC, RBC Economics, Bloomberg/BNN and Forbes Advisor, report the September 2026 annual inflation rate as 3.1%, citing Statistics Canada.[2][4][5][6][7]
Contradicts. A Reuters post-decision article states the annual inflation rate hit 3.2% in September, which conflicts with the official 3.1% figure; this appears to be an outlier against the StatCan release and the other reports.[1]
Context. The 3.1% headline figure was driven mainly by gasoline (up 27.8%); excluding gasoline, CPI rose 2.2%. The claim does not address this breakdown, and the extraction matches the passage's wording.[2][3]
Sources
7 sources: 1 fact-checker, 1 tier 2, 5 not rated
- 1Bank of Canada raises key interest rate, says another hike possiblereuters.com · fact-checker · cited for: contradicts
- 2Inflation Rate Warms To 3.1% In Septemberforbes.com · tier 2 · cited for: supports, context
- 3Consumer Price Index, September 2026www150.statcan.gc.ca · not rated · cited for: supports, context
- 4Canada's annual inflation rate rose to 3.1% in Septemberrmb.reuters.com · not rated · cited for: supports
- 5Inflation rises to 3.1% in September, as fuel prices push ...cbc.ca · not rated · cited for: supports
- 6Canadian inflation ticked higher in September - RBC Economicsrbc.com · not rated · cited for: supports
- 7Inflation data shows high energy prices still contained, for now: economistsbnnbloomberg.ca · not rated · cited for: supports
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