A sign outside a building at Statistics Canada in seen in Ottawa on March 12, 2021. The Canadian Press/Justin Tang
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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.
Matthew Horwood is a reporter based in Ottawa.
