US EditionInflation cools to 2.2% as gas, grocery prices fall in October
- In Ottawa, the national statistics agency reported that October's inflation slowed to 2.2%, down from 2.4%.
- Grocery-Store prices fell 0.6% in October, with StatCan saying deceleration was driven by cooling costs for processed foods and fresh vegetables.
- Insurance data show that consumers paid more for home and mortgage insurance, rising 38.9, and vehicle insurance, increasing 18.9, with a rare cellular service cost increase in October.
- Central bank officials noted the October inflation report is their last look at price data before their Dec. 10 decision, with the benchmark interest rate at 2.25%.
- Falling gas and grocery prices eased household bills as gas retailers saw prices drop 4% in October and grocery store prices declined 0.6%, the largest since September 2020.
42 Articles
42 Articles
Inflation Growth Falls to 2.2 Percent in October: StatCan
Canada’s annual inflation rate decreased to 2.2 percent in October, down from 2.4 percent the month prior, Statistics Canada says. The agency said in its Nov. 17 report that the decrease was largely due to gas prices falling at a faster pace. Gasoline prices fell by 9.4 percent in October compared to 4.1 percent in September. Excluding gas, the inflation rate for both months would have been at 2.6 percent. Ontario saw prices for natural gas fall…
Decelerating gas, grocery prices keep October inflation to 2.2 per cent
Canadians didn't feel the pinch quite as hard at the gas pumps and grocery stores last month as inflation came in at 2.2 per cent year over year in October.That's down from 2.4 per cent in September.Filling up the car cost 9.4 per cent less in October, following a 4.1 per cent increase in September. According to Statistics Canada, the month-to-month decline was 4.8 per cent.Three main factors contributed to the slowing of gas prices. Statistics …
Grocers in Quebec aren't seeing things: the cost of living continues to climb, even if inflation is slowing down a bit elsewhere in the country. New data from Statistics Canada confirms that prices are rising faster here than in Canada as a whole, which isn't helping households trying to make ends meet. Also read: Canada Child Benefit: Payment dates for 2026 are out. According to the federal agency, the Consumer Price Index (CPI) rose 2.2% natio…
Prices of grocery products decreased by 0.6% in October.
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