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Economists Expect Annual Inflation Rate Fell in October, Driven by Lower Gas Prices (Canada)
Lower gasoline prices and policy changes like carbon tax removal helped reduce inflation to 2.1% in October, though food prices rose about 3.8%, economists said.
- On Nov. 14, 2025, forecasters at RBC and Desjardins projected Canada’s annual inflation for October at 2.1 per cent, down from 2.4 per cent in September, The Canadian Press reported.
- Nathan Janzen at RBC says the removal of the carbon tax earlier this year and Desjardins says lifting most retaliatory tariffs in September should ease inflation pressure in coming months.
- RBC notes that gasoline prices were down five per cent in October, while food price inflation should remain around 3.8 per cent.
- Despite easing headline rates, analysts note Nathan Janzen cautions inflation still shows upward pressure despite carbon tax removal earlier this year, while RBC says robust consumer spending bolsters prices amid rising unemployment.
- Forecasters project October's inflation will ease to 2.1 per cent from 2.4 per cent, with Desjardins saying tariff removals should help ease pressure in the coming months.
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Economists expect annual inflation rate fell in October, driven by lower gas prices (Canada)
Economists expect October's annual inflation reading will show an easing from September as lower gasoline prices helped offset increases elsewhere. Forecasters at RBC and Desjardins say they think the annual inflation rate for October will come in at 2.1 per cent, down from 2.4 per cent the month pr...
·Kelowna, Canada
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Total News Sources10
Leaning Left6Leaning Right1Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 22%
11%
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