The Consumer Price Index rose 2.0 per cent in the 12 months to November, following a 2.4 per cent increase in October. The cost of gasoline was a major factor of course, falling 7.5 per cent in the month and marking the fifth consecutive monthly fall. Meanwhile food prices are increasing especially meat which has risen 18 per cent in the last year. The latest figures from StatsCan also show a rise in shelter, natural gas and electricity costs. The Bank of Canada’s rose 2.1 per cent in the year to November after a 2.3 per cent rise in October although the seasonally-adjusted figure was flat after a 0.2 per cent increase in October. The BoC inflation target is 2 per cent.
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