Canada's annual inflation rate hits 4.7% in Oct, highest since Feb 2003

Reuters

Nov 17, 2021

Canada's annual inflation rate accelerated to 4.7% in October, the highest since February 2003, and up from a year-over-year increase of 4.4% in September, Statistics Canada said on Wednesday.

Analysts polled by Reuters had expected the annual rate to rise to 4.7% in October.