National Inflation Rate Drops To 3.1% In October

Statistics Canada say the national inflation rate for October was 3.1 percent.

That’s down from 3.8 percent in September.

The federal agency says the drop was largely a result of lower prices for gasoline in October.

It says the biggest contributors to inflation last month continued to be mortgage interest costs, food bought from stores and rent.

Meanwhile, Nova Scotia’s inflation rate for October was the third highest in the country at 3.3 percent.

Bobby Nock

Bobby grew up in Whycocomagh before moving to Halifax to attend university where he earned a Bachelor of Arts and a Bachelor of Journalism degree. After university, Bobby moved back to Cape Breton where he began working as a freelance journalist and has done work for both print media and as a broadcast journalist. As the News Director, Bobby Nock will get your day started by bringing you information that helps connect you to the community with all the latest in local news.

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