Canada s annual inflation rate accelerates, beats estimates
12/16/2020 | 12:48pm EDT
Send by mail :
Message :
Required fields
OTTAWA (Reuters) - Canada s annual inflation rate accelerated in November, beating analyst expectations, on higher shelter prices as rents climbed and home replacement costs increased, Statistics Canada said on Wednesday.
The annual rate accelerated to 1.0% up from a year-on-year increase of 0.7% in October and ahead of analyst expectations of a slight increase to 0.8% in November. It s a bit firmer than I had guessed, at least on the headline, said Derek Holt, head of Capital Markets Economics at Scotiabank. I thought the housing component was particularly interesting, he added. We are getting definite house price contributions to overall inflation.