Lower gas prices and slower acceleration of shelter costs helped keep the national inflation rate within the Bank of Canada's target.
It ticked upwards in October by two per cent, compared to September's 1.6 per cent.
Gas prices continued to decelerate, falling four per cent last month after September's 10.7 per cent drop year-over-year.
Excluding gas, the inflation rate was 2.2 per cent, as the price of goods rose one-tenth of a percentage point and services rose 3.6 per cent, the smallest year-over-year increase since January 2022.
Over the past three years, Canadians have paid 10.2 per cent more for goods and another 14.2 per cent for services.
Shelter costs increased 4.8 per cent overall after September's five per cent increase. The rise in rent slowed to 7.3 per cent, while mortgage interest cost another 14.7 per cent. Both figures are down from September, 8.2 per cent and 16.7 per cent respectively.
At the grocery store, the cost of food rose 2.7 per cent. October was the third consecutive month the price of food rose above headline inflation. It costs another 7.3 per cent more for fresh vegetables and 7.6 per cent for preserved fruit and fruit preparations. Frozen and fresh beef cost another 7 per cent more, but that's down from the 9.2 per cent increase in September.
Statistics Canada will release its Consumer Price Index report for November on December 17.