Statistics Canada reported Tuesday that the biggest reason for the deceleration in the cost of living was a drop in the cost of gasoline, which declined by 6.4 per cent during the month of October alone, and is down by 7.8 per cent compared to where prices were a year ago.
If gasoline is stripped out of the numbers, the inflation rate would have been 3.6 per cent in October.
That’s slightly lower than the 3.7 per cent non-gasoline inflation rate clocked the month before.
While that’s still higher than the overall inflation rate, it’s down from the 5.8 per cent annual pace seen in September.
While the pain at the cash register for staples like food and gasoline is easing, plenty of other aspects that contribute to the cost of living continue to increase at an eye-watering level.
The data agency says the typical cost of rent went up by 8.4 per cent in the past year.
The original article contains 229 words, the summary contains 156 words. Saved 32%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Statistics Canada reported Tuesday that the biggest reason for the deceleration in the cost of living was a drop in the cost of gasoline, which declined by 6.4 per cent during the month of October alone, and is down by 7.8 per cent compared to where prices were a year ago.
If gasoline is stripped out of the numbers, the inflation rate would have been 3.6 per cent in October.
That’s slightly lower than the 3.7 per cent non-gasoline inflation rate clocked the month before.
While that’s still higher than the overall inflation rate, it’s down from the 5.8 per cent annual pace seen in September.
While the pain at the cash register for staples like food and gasoline is easing, plenty of other aspects that contribute to the cost of living continue to increase at an eye-watering level.
The data agency says the typical cost of rent went up by 8.4 per cent in the past year.
The original article contains 229 words, the summary contains 156 words. Saved 32%. I’m a bot and I’m open source!