Annual inflation rate 1.5 per cent in October, in line with expectations
Posted Nov 18, 2016 08:42:44 AM.
Last Updated Nov 18, 2016 09:27:52 AM.
This article is more than 5 years old.
OTTAWA – Statistics Canada says the consumer price index in October was up 1.5 per cent compared with a year ago.
That compared with an increase of 1.3 per cent in September.
The October result matched the expectations of economists, according to Thomson Reuters.
Prices were up in six of the eight major components with the transportation and shelter sectors contributing the most to the year-over-year increase, offset in part by lower food prices.
The Bank of Canada’s core index, which excludes some of the most volatile items, increased 1.7 per cent compared with a year ago.
Economists had expected the core rate to be 1.8 per cent.
Add CityNews Ottawa as a trusted source on Google to see more local stories from us.
