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Canada: Annual CPI stays at 4.7% in November versus expected 4.7%
Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 4.7% in November, unchanged from the 4.7% annual pace of price gain observed in October, data published by Statistics Canada revealed on Wednesday. This reading was in line with expectations. The MoM pace of headline consumer price growth was 0.2%, also in line with expectations, though down from last month's 0.7% reading. The BoC's Core measure of CPI stagnated on a MoM basis in November (i.e. came in at 0.0%), versus forecasts for a gain of 0.1%. YoY, BoC Core CPI decelerated to 3.6% in November, as expected, from 3.8% the month ... (full story)
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