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Canada's consumer prices rise 2.4%

Tuesday, November 23rd, 2010 | 5:46 am

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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

CBC News

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