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Canadian Press NewsAlert: Annual rate of inflation rose to 0.7 per cent in October

OTTAWA — Statistics Canada says the consumer price index in October was up 0.7 per cent compared with a year ago as the annual pace of inflation increased led by higher food prices.

The increase compared with a year-over-year rise of 0.5 per cent in September.

Economists had expected a year-over-year increase of 0.4 per cent, according to financial data firm Refinitiv.

More coming.

The Canadian Press

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