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.
- Oilsands have strong growth potential, but pipeline constraints loom: Enverus
- WestJet cuts flight capacity due to jet fuel costs, following Air Canada’s lead
- Fewer Canadian firms were anticipating a recession before Iran war began
- As Canada’s tax deadline nears, 4 things you might not know you can claim
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.