Canadian Inflation Rises 1.5 Percent Year Over Year

Statistics Canada says the consumer price index for January rose 1.5 per cent compared with a year ago, driven higher by electricity and gasoline costs.
The gain compared with a uptick of 1.2 per cent in December.
The Bank of Canada’s core index, which excludes some of the most volatile items, was up 1.4 per cent after climbing 1.3 per cent in December.

Economists had expected a gain of 1.3 per cent for both the consumer price index and the central bank’s core index.
Seven of the eight major components of the consumer price index were up from a year ago. Higher electricity costs pushed shelter costs up, while rising gasoline prices increased transportation costs.
The health and personal care index the only one to post a decline.

via CTV

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