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12-month change:

  1. The Consumer Price Index rose 1.0% in the 12 months to October, matching the increase in September.
  1. Lower energy prices continued to moderate the year-over-year rise in the CPI, led by the gasoline index, which was down 17.1% in the 12 months to October.
  1. Prices were up in seven of the eight major components on a year-over-year basis in October, with the rise in the CPI led by higher prices for food. Increases in the shelter index and the household operations, furnishings and equipment index also contributed to higher consumer prices. The transportation index, which includes gasoline, recorded its 12th consecutive year-over-year decline.
  1. Consumer prices rose in nine provinces in the 12 months to October. Manitoba posted the largest increase, followed by Saskatchewan and Alberta. The CPI in Prince Edward Island registered its 11th consecutive year-over-year decline.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the Consumer Price Index increased 0.2% in October, following a 0.2% decrease in September.
  1. On a monthly basis and before seasonal adjustment, the CPI rose 0.1% in October, after declining 0.2% in September.

Bank of Canada’s core index:

  1. The Bank of Canada’s core index was up 2.1% in the 12 months to October, matching the increase in September.

Main contributors to the 12-month change in the CPI:

Main upward contributors:

  1. Homeowners’ home and mortgage insurance (+10.2%)
  2. Food purchased from restaurants (+2.7%)
  3. Fresh vegetables (+13.9%)
  4. Meat (+5.0%)
  5. Fresh fruit (+13.0%)

Main downward contributors:

  1. Gasoline (-17.1%)
  2. Natural gas (-10.9%)
  3. Fuel oil (-20.4%)
  4. Mortgage interest cost (-1.1%)
  5. Air transportation (-2.8%)

Main contributors to the monthly change in the CPI, not seasonally adjusted:

Main upward contributors:

  1. Purchase of passenger vehicles (+1.9%)
  2. Property taxes and other special charges (+3.0%)
  3. Fresh fruit (+3.8%)
  4. Meat (+1.1%)
  5. Women’s clothing (+0.8%)

Main downward contributors:

  1. Traveller accommodation (-12.2%)
  2. Gasoline (-2.0%)
  3. Natural gas (-7.4%)
  4. Tools and other household equipment (-2.9%)
  5. Non-alcoholic beverages (-2.9%)
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