Canada’s annual inflation rate remained stable in October.
Statistics released by Statistics Canada on Wednesday (November 20) said that
the annual growth rate in October was 1.9% compared with the same period last year,
and the volatility in August and September this year was also 1.9%.
Financial market data company Refinitiv said
the results were in line with economists’ expectations.
The Bureau of Statistics said that the overall price increase was because
the price of fresh fruit rose by 7.9%
and the price of fresh vegetables rose by 7.5%.
Compared with a year ago,
gasoline prices fell by 6.7%,
but natural gas prices rose by 3.3%.
If gasoline is not included,
annual inflation in October increased by 2.3%,
down from 2.4% in September.