Inflation rise stable at 4.7% in November in Canada





(Ottawa) At 5.2% in Quebec, the annual rate of inflation for Canada as a whole remained stable last month as the Consumer Price Index (CPI) increased by 4.7% year over year, just like in October, according to Statistics Canada.






The main reason for the CPI’s growth last month was a 43.6% rise in the prices of gasoline, 8.7% for furniture and 4.4% for food.

Statistics Canada reports that the prices of food purchased from stores rose 4.7% in November compared to 3.9% in October; it was the biggest increase since January 2015.

Prices for fresh vegetables rose 2.3% in November, while prices for fresh and frozen beef were up 15.4% year over year last month.

Prices rose at a faster pace in November than in October in four provinces. The largest increase was recorded in Prince Edward Island, of 7.%, mainly due to higher heating costs.

The increase was 5.2% in Quebec, 5.3% in Nova Scotia and 5.7% in New Brunswick.


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