Canada Inflation Steadies at 2.2% in November
Consumer price growth in Canada held steady last month as consumers paid less for services but faced the sharpest rise in grocery costs since the end of 2023 and prices at the pump declined less sharply.
The consumer-price index rose 2.2% from a year earlier in November, matching the pace the month before, Statistics Canada said Monday. That was slightly softer than the 2.3% economists expected, though it left annual inflation just above the Bank of Canada's 2% goal for a third straight month after August's acceleration.
For the month, consumer prices increased a modest 0.1% , or 0.2% on a seasonally adjusted basis, the data agency said...
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