The CPI in Canada recorded a growth of about 4.8% in December on an annual basis, according to figures released a few moments ago, compared to 4.7% in the November reading, to come below expectations that indicated a rise to 5.5%, while the main index, excluding gasoline prices, rose to 4% on Annual basis of 3.6% and better than expectations, which indicated a rise to 3.7%.
On a monthly basis, the index decreased by -0.1% in December, after a growth of about 0.2% in November, to come in line with market expectations, in the first decline of the index since December 2020.
The annual inflation growth in December was supported by an increase in the prices of services by about 3.4% and the increase in the prices of goods by about 6.8%, while gasoline prices were on the decline compared to the November reading by 33.3% from 43.6% in November.
The Canadian dollar is trading at 1.2470 levels, on the rise against the US dollar, after testing 1.2523 levels in the European session.
05/11/2024
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
