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Canadian Inflation Slowed More Than Forecast to 2.0% on Gasoline

From bloomberg.com

Canada’s inflation rate slowed more than economists forecast in November, returning to the central bank’s target on a drop in gasoline prices. The consumer price index rose 2.0 percent from a year ago following the October pace of 2.4 percent, Statistics Canada said today from Ottawa. The core rate, which excludes eight volatile products including fruit, vegetables and gasoline, slowed to 2.1 percent following the October pace of 2.3 percent, which was the fastest in almost three years. Economists forecast the total rate would rise 2.2 percent and core by 2.4 percent, according to median responses in separate ... (full story)

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