The Consumer Price Index (CPI), released this morning by Statistics Canada on November 17, 2025, shows an increase of 2.2% in October compared with a year earlier, down from the 2.4% gain recorded in September. This slowdown is mainly attributable to a sharper decline in gasoline prices and a moderation in the growth of grocery store food prices.
Excluding gasoline, the CPI rose 2.6% year over year, the same pace as in September.
On a month-over-month basis, the CPI increased by 0.2% in October (or 0.1% on a seasonally adjusted basis).
It is worth noting that prices for home, mortgage, and auto insurance continued to rise.
