Inflation in Canada Accelerates to 2.4% in December, but Key Measures Ease
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Consumer prices in Canada rose at a faster-than-expected pace of 2.4% in December, largely due to the base-year effect from last year's sales tax break, but closely-watched core measures of inflation cooled for the third consecutive month, data showed on Monday.
Analysts polled by Reuters had forecast inflation would hold at the 2.2% rate recorded in November.
On a monthly basis, the consumer price index declined by 0.2%, Statistics Canada data showed. The monthly decline was less...
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