Sunday, July 5, 2015

Inflation up

OTTAWA—Canada’s national annual inflation rate rose to 1.2 percent last month, slightly higher than in November but still low by historic standards, Statistics Canada reported today.
The December inflation number came in below the Bank of Canada’s ideal target of two percent, but within the desired range of one and three percent.

It also was within analyst estimates.
The November inflation rate was unusually low at 0.9 percent and was expected to rise but continue to be relatively low, as it has been for more than a year.
That last time Canada’s inflation rate hit the central bank’s ideal target of two percent was in April, 2012.

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