Canada: Inflation holds steady in October
November 16, 2022
Inflation came in at 6.9% in October, matching September’s figure. Rising price pressure for housing and transport were offset by lower price pressures for food and recreation and education.
The trend pointed up slightly, with annual average inflation coming in at 6.5% in October (September: 6.3%). Meanwhile, core inflation fell to 5.8% in October, from September’s 6.0%.
Finally, consumer prices increased 0.72% from the previous month in October, accelerating from the 0.07% increase recorded in September. October's uptick marked the highest reading since May.