Canada Annual Inflation Climbs 2.1% in November

By Paul Vieira Features Dow Jones Newswires

Annual inflation in Canada picked up steam in November and crossed the 2% level for only the second time in three years, on the strength of higher prices for gasoline, food and cars.

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Canada's consumer-price index rose 2.1% on a year-over-year basis in November, Statistics Canada said Thursday, following a 1.4% advance in October. CPI in November slightly topped market expectations for a 2% rise, according to economists at Royal Bank of Canada.

On a month-over-month basis, prices rose 0.3%.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

December 21, 2017 08:45 ET (13:45 GMT)