The annual inflation rate remained unchanged in November in the country, at 3.1%, according to Statistics Canada.
Consumer price index (CPI) data released on Tuesday showed that progress in easing inflation has stalled, with higher prices for leisure and clothing putting upward pressure on inflation. overall inflation.
Meanwhile, the pace of food price increases continued to slow for the fifth consecutive month.
Food prices rose 4.7% from a year earlier, marking a slowdown from October’s 5.4%.
Prices for services were flat last month, rising 4.6% year over year, as higher prices for package tours were offset by lower prices for cell phone services.
The Bank of Canada has chosen to maintain its key interest rate at 5% in recent months, but has not ruled out further rate hikes if inflation remains high.
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