The Globe and Mail reports in its Wednesday edition that despite Canada's inflation climbing more than expected in September, many see the Bank of Canada cutting interest rates next week. The Globe's Matt Lundy writes that the Consumer Price Index increased 2.4 per cent year-over-year last month, up from 1.9 per cent in August, says Statistics Canada. Analysts had forecasted a 2.2-per-cent inflation rate. Month-over-month, prices rose 0.4 per cent after seasonal adjustments. Fuel cost fluctuations significantly impacted CPI results. While gasoline prices dropped 4.1 per cent in September, this was less than the 12.7-per-cent decline in August, adding upward pressure on headline inflation. Excluding gas, consumer prices have risen by 2.6 per cent over the past year, up from 2.4 per cent in August. After the CPI report, investors saw a 66-per-cent chance of the BOC cutting interest rates by a quarter-point on Oct. 29, down from 75 per cent prior. Despite this, several economists believe the BOC is likely to continue rate cuts next week, as core inflation remains controlled. Desjardins economist Royce Mendes says there may be differing views on inflation, but it is clear the economy is weak and requires support.