The annual pace of inflation slowed nationally in October as increases in the price of gasoline compared with a year ago were smaller than in September.
Statistics Canada says the consumer price index in October was up 1.4 per cent compared with a year ago, following a 1.6 per cent increase in September.
Excluding gasoline, the index was up 1.3 per cent compared with a year ago compared with a 1.1 per cent increase in September.
Prices in Prince Edward Island increased 1.2% on a year-over-year basis in October after rising 2.4% in September. This was largely attributable to an October 2016 increase in the province’s Harmonized Sales Tax, which no longer factors into the 12-month movement of the all-items index.