USDCAD Canada’s CPI got on 4.8% Pace in December from the growth rate of 4.7% in November. CPI fell 0.1% after gaining 0.2% in November. The average of the three core CPI measures of the BoC was 2.9% in December compared to 2.8% in November. Key annualized trimmed CPI reading rose 3.7% from expectations of an “unchanged” reading at 3.4%. Prices increased year-on-year for all eight major components in December. Transportation and accommodation prices were the main contributors to CPI growth. Year-on-year, prices for services (+3.4%) increased more in December than in November (+2.9%). Goods prices (+6.8%) increased slightly more […]
