Statistics Canada says its consumer price index in November was up 1.0 per cent compared with a year ago. The increase compared with a year-over-year increase of 0.7 per cent in October and 0.5 per cent in September.
Economists had expected a year-over-year increase for November of 0.8 per cent, according to financial data firm Refinitiv.
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Driving most of the increase was a rise in prices for homes, rent and goods around the house like furniture and appliances. Gasoline prices in November fell 11.9 per cent year-over-year as the pandemic continued to weigh on demand.
Statistics Canada says the consumer price index excluding gasoline in November was up 1.3 per cent compared with a year ago.
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