Canada's consumer prices rose 2.4 per cent in the 12 months to October, the largest increase since October 2008.
The increase follows a 1.9 per cent hike in September, Statistics Canada said in a release Tuesday.
About half of the 0.5-percentage-point increase from September can be attributed to higher gasoline prices.
On a seasonally adjusted monthly basis, consumer prices rose 0.7 per cent in October, the largest increase since January 2006. It follows a 0.3 per cent increase in September.
More to come