The inflation rate slowed to 3.1 percent on a year-over-year basis, down from 3.8 percent in September, as the price of gasoline fell, Statistics Canada said on Nov. 21.
The agency said the price drivers paid for gasoline in October fell 7.8 percent from a year earlier compared with a 7.5 percent increase in September, driven partly by a spike in gasoline prices in October 2022 after OPEC announced production cuts.
