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Canadian core consumer price inflation rises 0.2% in January

Published 02/26/2015, 08:44 AM
© Reuters. Canadian core consumer price inflation rises more than forecast in January
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Investing.com - Core consumer price inflation in Canada rose more-than-expected in January, official data showed on Thursday.

In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, rose by 0.2% last month, after falling 0.3% in December. Analysts had expected core CPI to rise by 0.1% in January.

Core CPI rose at an annualized rate of 2.2% last month, unchanged from December.

Consumer price inflation including more volatile food and energy costs declined 0.2% in January, compared to expectations for a drop of 0.3%, after falling 0.7% in the previous month.

Year-on-year, CPI rose at an annualized rate of 1.0% in November, down from 1.5% in December.

USD/CAD was trading at 1.2440 from around 1.2470 ahead of the release of the data.

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