Thursday, December 17, 2009

Canada's inflation rate jumps to 1.0 per cent in November as gas prices rise

OTTAWA Canada Press

Canadians are again starting to pay more for most things they consume as the inflation rate jumped to one per cent in November, the second straight month prices have risen sharply. While higher gasoline prices were mostly to blame, Statistics Canada said the advance was broad-based. Prices rose in seven of eight major components tracked by the agency, and in all 10 provinces. As well, the month-to-month index was higher with prices rising 0.5 per cent from October. The last two months have seen a complete reversal in the inflation story in Canada, which previously was one of falling prices and negative inflation.

Here's what happened in the provinces and territories. (Previous month in brackets):

-Quebec 1.7 (0.5)

-Ontario 1.0 (0.2)

-Manitoba 0.8 (0.1)

-Saskatchewan 0.8 (0.3)

-Alberta 0.8 (0.1)

-British Columbia 0.1 (-0.6)

Bank of Canada Inflation Scoreboard

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