Canada annual inflation declines in December

Canada annual inflation declines in December

In December, Canada's annual inflation rate went down as anticipated because higher food costs were compensated by a sag in gasoline prices, although underlying inflation kept soaring, as data from Statistics Canada revealed on Friday.

The previous month the annual inflation rate accounted for 1.9%, sliding from November’s outcome of 2.1% and meeting experts’ expectations. It left inflation a bit below the major bank’s 2% objective.

However, two out of three of the key financial institution’s measures of core inflation rallied, including CPI common that soared from 1.5% to 1.6%. The major bank ascertains it’s the best indicator of the economy's underperformance.

As for food prices, they rallied 2% from 2016 because customers paid more for food bought at stores, especially fresh vegetables.

The cost of gasoline decreased, with prices adding 12.2% following the previous month's annual 19.6% ascend.

 

 

Similar

China property will decelerate in 2019

In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…

Japanese economy contracts most for four years

In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera