Oil
Canada’s Inflation Rises to 3.1% as Fuel Oil Prices Jump 58%
CEII brief
OilPrice.com reported on 19 Oct 2026: Canada’s Inflation Rises to 3.1% as Fuel Oil Prices Jump 58%.
Read the full story on OilPrice.comGasoline and fuel oil pushed Canada’s annual inflation rate to 3.1% in September, up from 3.0% in August, as the war in the Middle East kept fuel prices high, Statistics Canada said on Monday.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
26.7% of Canada’s merchandise exports were fuels in 2025Countries in this story
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