“The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in October, following a 2.2% increase in September,” Statistics Canada reported on Friday.
Key takeaways from the press release
- Month over month, the CPI increased 0.3%, with prices for airfares, passenger vehicles and travel tours accelerating the most.
- Prices for durable goods increased 0.9% in the 12 months to October.
- The price of services rose 2.7% on a year-over-year basis in October.
- On a seasonally adjusted monthly basis, the CPI all-items index rose 0.3% in October, following a 0.1% decrease in September.
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