The increase was above the expectations of analysts, who had predicted that inflation would stay flat.
Economists had expected a smaller rise, to 0.6%.
The Bank of Canada predicts persistent slack in the economy and labor market will keep inflation below its two per cent target until at least 2023, allowing policy makers to keep interest rates historically low for the foreseeable future.
Statistics Canada said new home prices increased in October at their fastest pace in 14 years, as lower mortgage rates coincided with increased demand for single-family homes. If there is inflation, money doesn't go as far.
Zarif Says Iran to Meet Nuclear Commitments if Biden Lifts Sanctions
In January, Trump ordered a USA drone strike that killed Iranian General Qassem Soleimani at Baghdad's airport. Trump made the request during an Oval Office meeting on Thursday with his top national security aides.
Economists at the ONS said clothing and footwear prices increased by 2.5 per cent for the month, rebounding after a period of heavy discounting through the summer as stores tried to attract more customers in the face of restrictions. A one-month lockdown was announced for England at the end of the month and started on November 5. By contrast, prices of computer games rose.
However, auto prices may stabilise and fall back in the middle of 2021 should a vaccine become widely available, according to Samuel Tombs, chief United Kingdom economist for Pantheon Macroeconomics.
"These were partially offset by falls in the cost of energy and holidays".
CPI inflation is forecast by the Bank of England to rise to 0.9% in March 2021, with projections assuming that developments related to Covid-19 will weigh on spending in the near term, although to a lesser extent than earlier in the year.
Tesla To Join The S&P 500 on Cheddar
The energy sector climbed 2.4% as USA crude recently rose 0.82% to $41.77 per barrel and Brent was at $44.27, up 1.19% on the day. Pharmacy stocks were among the biggest decliners after e-commerce Amazon opened an online operation to compete with them.
Core inflation measures - often seen as a better gauge of underlying price pressures - ticked up to an average of 1.77 per cent in October, the highest reading since February, from 1.7 per cent in September.
"This morning's inflation print modestly weakened the case for monetary stimulus from the Bank of Canada, but rising oil prices and an overall improvement in risk sentiment are the key factors helping nudge the loonie closer to 1.30", said Karl Schamotta, chief market strategist at Cambridge Global Payments.
Also, the largest upward impact on annual inflation was measured in the food and non-alcoholic beverages index, while the largest downward impact was recorded in the transport index.
There's not a lot the Bank of England can do here to stimulate activity when the battle against Covid is pulling in the other direction.
Naya Rivera Wrongful Death Lawsuit Filed on Son's Behalf, Claiming Unsafe Boat
Actor Ryan Dorsey , the ex-husband of late actress Naya Rivera , has filed a wrongful death lawsuit on the behalf of their son, Josey .