Canada's CPI rises 2.2 pct in October

Alsharq Tribune-M.Essam 

Canada's Consumer Price Index (CPI) rose 2.2 percent on a year-over-year basis in October, down from a 2.4 percent increase in September, Statistics Canada said Monday.

The all-items CPI decelerated largely due to gasoline prices, which fell at a faster pace year over year in October compared with September, said the national statistical agency, adding that excluding gasoline, the CPI rose 2.6 percent in October, matching the increase in September.

Slower growth in grocery prices further contributed to the deceleration in the CPI in October, which was moderated by higher prices for cellular phone plans, said the agency.

The CPI rose 0.2 percent month over month in October. On a seasonally adjusted monthly basis, the CPI was up 0.1 percent, said Statistics Canada.