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    Higher Food Prices Cause Inflation Rate Surge

    Statistics Canada reported that in October, the consumer price index surged 0.7 per cent compared to a year ago as higher food prices led to the annual inflation increase. 

    According to financial firm Refinitiv, economists predicted a year over year surge of 0.4 per cent.

    After 8 months of monthly readings being under 1 per cent, the jump in October is the sharpest increase since June.

    Read more from the News Source HERE

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