Canada'S Clothing And Footwear Prices Fell By 3.1% In November

Data show that Canada's consumer price index (CPI) increased by 0.1% in November, an annual increase of 2.9%, which was in line with economists' expectations.

Excluding eight types of volatile items such as gasoline, Canada's November core

Canada's CPI ratio increased by 0.2% in October, an annual increase of 2.9%, and the core CPI monthly ratio increased by 0.3%, an increase of 2.1% over the year.

The Bureau of Statistics said that energy prices fell by 1.8% in November, up by 9.1% over the past year, gasoline prices fell by 2.3% a month, and annual prices rose by 13.5%, while food prices rose 0.9% over the month and 4.8% over the year.

In November, car prices rose 3.4%, vegetable prices rose 8.1%, clothing footwear prices fell by 3.1%.

Excluding food and energy prices, the consumer price index rose 0.1% in November, an annual rate of 1.6%.

The Canadian Central Bank (Bank of Canada) kept its benchmark interest rate unchanged at 1% for fifteenth consecutive months in December 6th. Carney, the governor of the central bank, said (Mark Carney) that, despite rising energy costs, inflationary pressures increased, but the inflation rate is expected to fall to 1% near the middle of 2012 as the debt crisis worsens and the US economic recovery is weak.

In October, the central bank estimated that the country's GDP grew by 2.1% in 2011 and 1.9% in 2012.