Canada’s Consumer Price Index rose 2.2% in October, down from 2.4% in September

Statistics Canada
November 17, 2025
Category: Finance & Economics
Region: Canada

The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in October, down from a 2.4% increase in September. The all-items CPI decelerated largely due to gasoline prices, which fell at a faster pace year over year in October (-9.4%) compared with September (-4.1%). Excluding gasoline, the CPI rose 2.6% in October, matching the increase in September. …The CPI rose 0.2% month over month in October. On a seasonally adjusted monthly basis, the CPI was up 0.1%. …Consumers paid more year over year in October for homeowners’ home and mortgage insurance (+6.8%) and passenger vehicle insurance premiums (+7.3%). Among the provinces, prices rose the most in Alberta for both measures, with a 13.7% increase in homeowners’ home and mortgage insurance and a 17.8% increase in passenger vehicle insurance premiums.

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