Canada’s Consumer Price Index Posts Month-Over-Month and Year-Over-Year Increases in November

Statistics Canada (StatCan) reported today (12-21-22) that the Consumer Price Index (CPI) increased 6.8% year-over-year in November, following a 6.9% increase in October. Excluding food and energy, prices rose 5.4% year-over-year in November, following a gain of 5.3% in October.

Slower price growth for furniture and gasoline were partially offset by faster growth in mortgage interest costs and rent.

On a monthly basis, the CPI increased 0.1% in November, following a 0.7% gain in October. On a seasonally adjusted monthly basis, the CPI rose 0.4%.

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