Consumer Price Index: Inflation Increased 0.1%
Consumers paid 2.1% more in October 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation increased 0.1 percentage point from the 2.0% measured in September 2016.
The Consumer Price Index report said, “Between September 2016 and October 2016, the average cost of goods and services in the CPI was unchanged. The all-items index remained at 102.7 in October. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $102.70.
“For the second consecutive month, the Education, Recreation, Entertainment & Reading sector was the largest contributor to the year-over-year change. This sector increased 4.2 per cent, compared to 4.3% last month. In addition, the Health & Personal Care sector and the Rent Sector also impacted significantly the year-over-year increase. These sectors rose 3.3 and 1.3 per cent, respectively.”
The full October 2016 Consumer Price Index follows below [PDF here]:
