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.
Get weekly money news
READ MORE: Coronavirus put a ‘chop’ on economic recovery, Bank of Canada governor says
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.
- Alberta referendum costs climbing with another $365K in promotion, says Nenshi
- Edmonton city council faces urgent call to address downtown business closures
- Oil prices spike, global stock markets mixed as Iran war escalates
- ‘Death by a thousand cuts’: Half a dozen downtown Edmonton restaurants closing
Statistics Canada says the consumer price index excluding gasoline in November was up 1.3 per cent compared with a year ago.
Comments
Want to discuss? Please read our Commenting Policy first.