Rents in Canada Explode. Services Inflation Heats Up
Plunging gasoline prices and dropping prices in a few other categories hold down overall CPI. A mess for the Bank of Canada.
By Wolf Richter for WOLF STREET.
The overall Consumer Price Index for Canada in October decelerated to +3.1% year-over-year, due to plunging gasoline prices, according to Statistics Canada today. Without gasoline, it would have risen 3.6%, just a hair more slowly than a month earlier (3.7%). Food price increases also decelerated to a still hot +5.4% year-over-year. But …