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12-month change:

1. The Consumer Price Index (CPI) rose 2.4% in the 12 months to October, after increasing 2.0% in September.
2. Prices increased in all major components in the 12 months to October. Higher prices for shelter and food led the rise in the CPI. At the same time, larger year-over-year price increases for transportation and for clothing and footwear contributed the most to the acceleration in the CPI.
3. Consumer prices rose in all provinces in the 12 months to October, with Alberta posting the largest gain. Conversely, British Columbia recorded the smallest year-over-year increase.

Month-to-month change:

1. On a seasonally adjusted monthly basis, the CPI increased 0.1% in October, following a 0.2% rise in September.
2. On a monthly basis and before seasonal adjustment, the CPI increased 0.1% in October, matching the rise in September.

Bank of Canada’s Core Index:

1. The Bank of Canada’s core index rose 2.3% in the 12 months to October, after increasing 2.1% in September.