Canada Inflation Steadies at 2.2% in November

By Robb M. Stewart

OTTAWA--Canada's annual inflation rate held in November, as a slower advance in rent costs and a drop in travel tour prices offset the biggest rise in grocery prices since the end of 2023.

The country's consumer price index rose 2.2% from a year earlier, Statistics Canada said Monday. The market was expecting the index to tick higher to 2.3%, according to economists at TD Securities.

Inflation has now been just above the Bank of Canada's 2% target three months running after accelerating in August.

On a month-over-month basis, prices increased 0.1%, matching the consensus forecast of economists. On a seasonally adjusted basis, CPI rose 0.2% from the previous month.

Meanwhile, the average of the Bank of Canada's preferred trimmed mean and weighted median measures for underlying inflation cooled to the lowest since the start of the year, averaging 2.8% on-year from 3.0% the month before.

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

12-15-25 0856ET