Gasoline prices surged almost 10 % in October: Statistics Canada
BNN Bloomberg
Canadians are continuing to feel pressure at the pumps after gasoline prices increased by almost 10 per cent in October, according to Statistics Canada.
As part of its monthly Consumer Price Index (CPI) report, it said fuel prices increased 9.2 per cent on a monthly basis in October, after a decrease of 7.4 per cent in September.
Overall Canadian inflation remained steady in October, with Statistics Canada reporting the CPI rose 6.9 per cent in compared to a year ago, which was in line with economists’ expectations.
On a monthly basis, inflation increased 0.7 per cent in October from September, which was mainly driven by elevated gasoline prices.
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