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2025-12-15 21:42:58
[Canada's November Inflation Rate Remains Stable at 2.2%, Food Price Growth Accelerates] ⑴ Canada's overall inflation rate remained stable at 2.2% in November, unchanged from October and below the expected 2.3%, continuing its recent moderate approach to the central bank's baseline target of 2%. ⑵ Gasoline prices fell 7.8% year-on-year, a smaller decline than the 9.4% drop in October, due to monthly price increases caused by refinery disruptions. ⑶ Food inflation accelerated again, with store-bought food prices rising 4.7% year-on-year, the fastest pace since the end of 2023, primarily driven by rising prices for fresh fruit and other food products. ⑷ Housing price growth slowed, with rent inflation falling to 4.7% from 5.2% in October. ⑸ Meanwhile, mobile phone service prices rose sharply by 12.7% year-on-year, continuing their rebound as industry-wide promotional activities decreased. ⑹ In addition, core inflation remained stable at 2.6% for the third consecutive month, highlighting underlying price pressures despite cooling prices in some service categories.
