The drop in the price of gasoline causes inflation to fall to 3.1% in October in the country

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Statistics Canada attributes the slowdown in the growth of the Consumer Price Index (CPI) to the 7.8% decline in gasoline prices in October.

The Canadian Press

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The Consumer Price Index (CPI) increased by 3.1% year-on-year to another in Canada in October, but was down from the 3.8% increase seen in September, according to Statistics Canada.

During the same period, the CPI increased by 4.2% in Quebec

The federal agency attributes the slowdown in growth mainly to the 7.8% year-on-year decline in gasoline prices in October. Compared to the previous month, gasoline prices decreased 6.4% nationwide last month.

Price growth at grocery stores continued to slow year over year. Indeed, prices increased by 5.4% in October after increasing by 5.8% in September.

The rise in prices of However, rent was more marked year over year in October, by 8.2%, while it had been 7.3% in Alberta (+ 9.9%). and in Quebec (+ 9.1%).

Prices for services increased at a faster pace in October, by 4.6%, largely due to rising prices for tour packages, rent, as well as property taxes and other special fees, according to Statistics Canada.

The Consumer Price Index rose 3.2% year over year last month in Nova Scotia, 2.8% in New Brunswick and 1.7% in Prince Edward Island.