Canada inflation slows to 2.0%
Canadian inflation is slowing. In October, it came in at 2.4%. In November, it came in at 2.0%. It is just a matter of time before it moves south. Via StatCan:
Consumer prices rose 2.0% in the 12 months to November, following a 2.4% increase in October. The 0.4 percentage point decrease can be largely attributed to a slowdown in the growth rate of energy and food prices, and a decline in clothing prices.
Energy prices rose 6.7% during the 12 months to November, on the heels of a 9.1% increase in October. Prices at the pump were 7.2% higher than a year earlier, following an 8.8% increase the previous month. Electricity prices increased 5.9% compared with an 8.1% advance in October.
Prices for the purchase of passenger vehicles rose 3.9% compared with November 2009. This follows a 4.9% increase in October.
Homeowners' replacement cost increased 4.6% in November compared with a 4.9% advance the previous month.
On a seasonally adjusted monthly basis, consumer prices rose 0.2% in November, after increasing 0.7% in October. The transportation index advanced 1.8%, while the household operations, furnishings and equipment index rose 0.3%. However, the shelter index decreased 0.2% while the food index fell 0.3%.