Higher prices on rent, used cars and air fares contributed to a statistical bump in the Labor Department's measures of inflation, which most affect consumers.

The expected inflation increase is in part based on shifts in last year’s baseline and shouldn’t be seen as a move away from progress on getting the measure down, said RBC economist Claire Fan.

Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.

TORONTO - The latest inflation reading due out Tuesday from Statistics Canada is expected to show a slight uptick for the month of October — but economists say the measure