Canada's Inflation Rate

Canada's annual inflation rate jumped to 3.1 per cent last month as consumers paid more for many items, including gasoline and food.

Statistics Canada says, on a month-to-month basis, consumers paid 3-10ths of a per cent more last month than in July.The surprisingly strong jump reverses a recent trend to more moderate inflation, which had seen the rate fall from 3.7 during May to 2.7 per cent in July.

But gasoline was 22.8 per cent more expensive last month than in August 2010. Food cost 4.4 per cent more