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January 25, 2008 - Forex Economic News
Canada CPI decreases slightly in December from November.
Canada’s consumer prices increased in December to an annual rate of 2.4 percent, a slight decrease from November’s annual rate of 2.5 percent from data released today by Statistics Canada. Higher gasoline costs and mortgage interest costs pushed consumer prices higher according to the report. Month to month CPI rose 0.1 percent from November to December after a rise of 0.3 percent from October to November. Bank of Canada’s core index, a key government measure of inflation, rose 1.5 percent for the 12 month period starting from December 2006. This was the smallest annual rate increase since December of 2005 for the core index. Month to month, the core index declined by 0.3 percent from November to December after there was no change the month before. The USD/CAD pair was trading at 1.0066 after 11 am ET.
Tags: Canada CPI, Canada Economy, Currency Trading, Forex Rates------ Blog index
