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.
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.
Continue Reading Below
On a month-over-month basis, prices rose 0.3%.
Write to Paul Vieira at email@example.com
(END) Dow Jones Newswires
December 21, 2017 08:45 ET (13:45 GMT)