Canada: Annual inflation rose 2.4% in October vs 2.2% expected

"The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in October, following a 2.2% increase in September," Statistics Canada reported on Friday.

Key takeaways from the press release

• Month over month, the CPI increased 0.3%, with prices for airfares, passenger vehicles and travel tours accelerating the most.
• Prices for durable goods increased 0.9% in the 12 months to October.
• The price of services rose 2.7% on a year-over-year basis in October. 
• On a seasonally adjusted monthly basis, the CPI all-items index rose 0.3% in October, following a 0.1% decrease in September.