The agency reported that food and shelter costs led the rise in the consumer price index during the month. Shelter costs includes everything from gas and electricity bills, to property taxes, rent and mortgage payments.
All those things were a lot more expensive in October of 2014 than they were in the same month a year ago.
The 2.4 per cent figure is an increase of four percentage points from September's rate. It also ties the highest inflation rate we've seen since early 2012 — more than two and a half years ago.
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