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Fuel, food costing more

The annual pace of inflation slowed in October as increases in the price of gasoline were smaller than in September, Statistics Canada reported Friday.

Its consumer price index was up 1.4 per cent in October compared with a year ago, following a 1.6 per cent increase in September. In B.C., the inflation rate was pegged at 2.0 per cent.

Excluding gasoline, the index was up 1.3 per cent compared with a year ago — more than the 1.1 per cent increase in September.

Prices were up in seven of the eight major categories compared with a year ago with the transportation and shelter categories contributing the most.

Transportation prices last month were up 3.0 per cent compared with a year ago following a 3.8 per cent increase in September as gasoline prices were up 6.5 per cent year over year in October compared with 14.1 per cent in September in the aftermath of hurricane Harvey.

Shelter costs were up 1.2 per cent.

Prices for alcoholic beverages and tobacco products were up 2.7 per cent from a year ago, while food costs were up 1.3 per cent as food bought in restaurants gained 2.9 per cent.

Prices for clothing and footwear, the only category to move lower, fell 1.5 per cent compared with a year ago as the cost of women's clothing fell 4.6 per cent compared with a year ago.



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