Canada’s inflation ticked a bit higher in December, with CPI rising 2.4% YoY, slightly above what markets were looking for, after a 2.2% increase in November. On a monthly basis, prices dropped 0.2%.
The Bank of Canada’s core measure, which strips out the more volatile items like food and energy, rose 2.8% over the past year and deflated 0.4% vs. the prior month.
Today Markets
