Inflation cools to 2.2% as gas, grocery prices fall in October

November 17, 2025

RED FM News Desk

Statistics Canada says cheaper gasoline and groceries helped bring inflation down a couple ticks to 2.2% in October.

The agency says gas prices fell at a faster rate in October compared to September as fuel retailers switched to cheaper winter blends.

Meanwhile, grocery prices fell 0.6% in October, marking the biggest monthly price drop at the grocery store in more than five years.

The annual October inflation figures were a tick higher than economists expected but slowed from 2.4% in September.

Keeping the inflation rate sticky last month was a rare increase in cellular service costs, which StatCan says rose 7.7% last month, marking the segment’s first price hike since April 2023.