Consumer prices in Canada rose at the slowest pace since June, a reassuring sign for central bank policymakers that rates are now high enough to significantly cool inflation pressures.
The consumer price index increased 3.1% in October from a year ago, following a 3.8% increase in September, Statistics Canada reported Tuesday in Ottawa. That matched the median estimate in a Bloomberg survey of economists.
Read More : Canada’s Slowing Inflation Sparks Potential for Rate Cuts