Sponsored Links
Prices at the pump drove Canadian consumer prices higher on an annual basis in January, while core prices reached the Bank of Canada's 2% target rate.
Consumer prices rose 1.9% in the 12 months to January, following a 1.3% increase in December 2009, according to data released by Statistics Canada Thursday.
January's increase was the largest since November 2008, and roughly in line with expectations following December's 1.3% annual increase.
On a monthly basis, prices rose 0.4% from December.
In January, gasoline prices were 23.9% higher than they were in the same month a year ago, the agency noted. This follows a 25.6% rise in the 12 months to December 2009.
Gasoline prices exerted upward pressure on the CPI for the third consecutive month, as a result of price volatility in the second half of 2008 and the first half of 2009. Prices at the pump have been relatively stable since July 2009.
Motor vehicles prices rose 3.1%, marking the first time in more than two years that vehicle prices have increased on a year-over-year basis.
Core consumer prices, which strip out volatile food and energy costs, jumped to 2% from 1.5% in December.
0 komentar:
Post a Comment