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Canada CPI expected to rise 1.8% in December, paving the way for further BoC rate cuts
Statistics Canada is set to release its latest inflation report for December, based on the Consumer Price Index (CPI), this Tuesday. Early forecasts suggest headline inflation may have risen by 1.8% compared to the same month of the previous year. In addition to the headline figures, the Bank of Canada (BoC) will publish its core CPI data, which excludes more unpredictable items like food and energy. For context, November’s core CPI showed a 0.1% contraction compared to the previous month but showed a 1.6% increase from a year earlier. Meanwhile, headline inflation for November rose just 1.9% annually and actually ... (full story)
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From statcan.gc.ca|Jan 21, 2025The Consumer Price Index (CPI) rose 1.8% on a year-over-year basis in December, down from a 1.9% increase in November. Food purchased from restaurants and alcoholic beverages ...
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- Posted: Jan 21, 2025 7:34am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,045
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