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Canada’s Annual Inflation Rate Unchanged in October at 6.9 Percent

Started by Epoch-Times-Bot, Nov 16, 2022, 08:27 AM

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Epoch-Times-Bot

Nov 16, 2022, 08:27 AM
Canada's Annual Inflation Rate Unchanged in October at 6.9 Percent

Canada's annual inflation rate held steady at 6.9 percent last month.
After declining for several months, Statistics Canada said the rate of inflation was unchanged in October from September as gas prices went up.
In its latest consumer price index report released Wednesday, the federal agency said higher mortgage interest costs also put upward pressure on inflation.
However, offsetting higher gas prices and rising interest rates was a slowdown in price growth for groceries and natural gas.
Grocery prices have been rising at the fastest pace in decades in recent months. In October, grocery prices were 11 percent higher than they were a year ago. That's down from 11.4 percent in September....

Source: Canada's Annual Inflation Rate Unchanged in October at 6.9 Percent

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