Inflation continues to cool, but relief's not yet in the forecast

The inflation rate continued to cool in August, according to new data from Statistics Canada, but still sits well above the Bank of Canada's two per cent target.

The national inflation rate fell to seven per cent, year over year, in August. Alberta fared better overall, dropping to six per cent.

"Until it's fixed, there will be more pain. Are we on the right path? Absolutely," said Anupam Das, professor of economics at Mount Royal University.

Nationally, food prices remained high, at 10.8 per cent over the previous year in August.

Alberta again beat that number, coming in at 9.4 per cent, but a Calgary restaurant owner and industry advocate says that number doesn't accurately represent the challenges faced by the food service industry.