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Canada’s inflation rate cools slightly in October

StatCan Inflation July 20170818
A gas pump is shown at a filling station in Montreal on April 12, 2017. Inflation picked up its pace last month for the first time since January as the annualized rate accelerated to 1.2 per cent, Statistics Canada said Friday. The higher price of gasoline, up 4.6 per cent in July compared to a year earlier, was among the biggest contributors behind the increase.

Canada’s rate of inflation came in at 1.4 per cent year-over-year in October, following a 1.6 per cent rate in September, easing mainly due to smaller gasoline price increases, Statistics Canada said Friday.

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