Canadian inflation rate down

from the Royal Bank of Canada's Daily Economic Update (11/21):

Canada’s inflation rate sharply lower as energy prices tumble

"Canadian consumer prices fell by a greater-than-expected 1% in October with the year-over-year rate slipping to 2.6% from 3.4% in September. The monthly decline was the largest since June 1959. Expectations had been for prices to fall by a more modest 0.6%. The seasonally adjusted index fell 0.5% in October relative to September. The Bank of Canada’s core measure, which eliminates the impact of eight volatile series plus indirect taxes, also fell more than expected, dipping 0.2% in October with forecasters looking for the index to hold steady. The year-over-year core rate was 1.7%, unchanged from September." ...

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