OTTAWA, Nov 17 (Reuters) - Canada's annual inflation rate fell to 2.2% in October, as gasoline prices fell faster than the previous month and food prices acceleration moderated slightly, Statistics Canada said on Monday.
Analysts had expected the annual inflation rate to fall to 2.1% from 2.4% in August.
Percent changes
Month-on-month Year-on-year
Oct Sep Oct Sep
CPI - all items +0.2 +0.1 +2.2 +2.4
CPI - common n/a n/a +2.7 +2.7
CPI - median n/a n/a +2.9 +3.1
CPI - trim n/a n/a +3.0 +3.1
Bank of Canada core +0.6 +0.2 +2.9 +2.8
All items ex food/energy +0.7 -0.1 +2.7 +2.4
Goods -0.3 +0.3 +0.9 +1.6
Services +0.7 -0.1 +3.2 +3.0
Energy -3.7 +1.1 -6.5 -2.6
Seasonally adjusted +0.1 +0.4 n/a n/a
Core CPI, SA +0.3 +0.3 n/a n/a
NOTE: Analysts in a Reuters survey had forecast October CPI to rise to 2.1% annualized, and to be up 0.2% on the month.
(Reporting by Dale Smith; Editing by Promit Mukherjee)
((promit.mukherjee@tr.com))
Keywords: CANADA ECONOMY/INFLATION