Statistics Canada reported that the consumer price index increased 3.1 per cent from October 2022, compared with a year-over-year gain of 3.8 per cent the previous month. A sharp drop in gasoline prices was largely responsible for the improvement; with pump prices removed from the cost-of-living index, headline inflation was 3.6 per cent, Statistics Canada said. Mortgage interest costs, groceries and rent continued to put upward pressure on inflation. (The Logic)
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