Toronto/CMEDIA: Cheaper gasoline and groceries prices , Statistics Canada says, helped Canada bring inflation down to 2.2 percent in Oct.
Gas prices fell at a faster rate in Oct compared to Sept as fuel retailers switched to cheaper winter blends. The biggest monthly price drop at the grocery store was seen in more than five years which fell 0.6 percent in Oct.
Oct also saw cooling of annual grocery store inflation as bigger price hikes for chicken were offset by cooling costs for some food preparations and fresh vegetables.
Although the annual Oct inflation figures were higher than economists expected. it slowed from 2.4 percent in Sept.
