Canadians pay 10.9 percent more on food than they did the year before.Canadians pay 10.9 percent more on food than they did the year before.

However, food prices continue to rise. The price Canadians paid for groceries rose by the most in more than four decades.

Inflation fell for the second straight month in August, driven largely by lower gas prices. But the price we paid for groceries rose by the most in more than four decades.

Statistics Canada announced Tuesday morning that the Consumer Price Index rose 7.0 percent in August, compared to a year earlier. That’s down from 7.6 percent in July, and less than the 7.2 percent that most economists had expected. In June, inflation jumped to a 39-year high of 8.1 percent.

But while the main “headline” figure fell, food prices continued to rise, with Canadians paying 10.9 percent more than they did the year before. This is the highest annual rate of food price inflation since August 1981.

While gasoline prices are 22.1 percent higher than they were a year ago, they have fallen 9.6 percent since July.

The US Bureau of Labor Statistics reported last week that US inflation fell to 8.3 percent in August. While that’s down from 8.5 percent in July and a striking 9.1 percent in June, most analysts expected the rate to fall even faster.

more than Review and partners