By Leah Schnurr
OTTAWA (Reuters) – Canada’s annual inflation rate picked up in October as a rise in gasoline prices was offset by the first decline in food prices in nearly 17 years, but economists did not expect the figures to alter the central bank’s accommodative stance.
The annual rate was 1.5 percent, data from Statistics Canada showed on Friday, up from September’s 1.3 percent and matching analysts’ expectations. The increase still left inflation below the Bank of Canada’s 2 percent target, which it renewed last month.
The core rate, which strips out some volatile items, cooled slightly to 1.7 percent from 1.8 percent, the lowest …
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