Investing.com – Core consumer price inflation in Canada fell more-than-expected in December, official data showed on Tuesday.
In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, fell by 0.3% in December, after posting a flat reading in November.
Analysts had expected core CPI to decline by 0.1% in December.
The report also showed that CPI, which includes more volatile food and energy costs, was unexpectedly flat in December, after rising by 0.1% in November.
Analysts had expected CPI to rise by 0.2% in December.
Meanwhile, year-on-year CPI rose by 2.4% in December, after increasing by 2.0% in November. Analysts had expected year-on-year CPI to rise by 2.5% in December.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.47% to hit 0.9979.
In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, fell by 0.3% in December, after posting a flat reading in November.
Analysts had expected core CPI to decline by 0.1% in December.
The report also showed that CPI, which includes more volatile food and energy costs, was unexpectedly flat in December, after rising by 0.1% in November.
Analysts had expected CPI to rise by 0.2% in December.
Meanwhile, year-on-year CPI rose by 2.4% in December, after increasing by 2.0% in November. Analysts had expected year-on-year CPI to rise by 2.5% in December.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.47% to hit 0.9979.