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23 Jan 2015
Canadian CPI rises 1.5 percent in December
FXStreet (London) - The Canadian consumer price index (CPI) rose 1.5 percent in the 12 months to December, following a 2.0 percent increase in November.
According to Statistics Canada, the slower year-over-year rise in the CPI was mostly attributable to gasoline prices, which dropped 16.6 percent in the 12 months to December, after falling 5.9 percent in November.
Excluding gasoline, the CPI increased 2.3 percent on a year-over-year basis in December, matching the rise in November.
On a monthly basis and before seasonal adjustment, the gasoline price index fell 9.8 percent in December. Between June and December 2014, gasoline prices decreased 24.6 percent. In comparison, prices for gasoline declined 42.7 percent between June and December 2008.
According to Statistics Canada, the slower year-over-year rise in the CPI was mostly attributable to gasoline prices, which dropped 16.6 percent in the 12 months to December, after falling 5.9 percent in November.
Excluding gasoline, the CPI increased 2.3 percent on a year-over-year basis in December, matching the rise in November.
On a monthly basis and before seasonal adjustment, the gasoline price index fell 9.8 percent in December. Between June and December 2014, gasoline prices decreased 24.6 percent. In comparison, prices for gasoline declined 42.7 percent between June and December 2008.