- Analytics
- News and Tools
- Market News
- Canadian CPI rose more than expected in January
Canadian CPI rose more than expected in January
The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in January, following a 1.9% increase in December. Excluding energy, the CPI increased 1.7%, matching the gain in December.
Prices were up in all eight major components in the 12 months to January, with the transportation (+3.2%) and shelter (+1.4%) indexes contributing the most to the gain.
Consumers paid 3.2% more for transportation in January, following a 4.9% increase in December. Growth in this index was moderated by the purchase of passenger vehicles index, which increased less on a year-over-year basis in January (+1.4%) than in December (+3.7%). Gasoline prices rose 7.8% in January, after a 12.2% gain in December.
Food prices were 2.3% higher in January on a year-over-year basis, after rising 2.0% in December. This gain, the largest year-over-year movement in the food index since April 2016, was led by higher prices for food purchased from restaurants, which were up 3.7% in January after increasing 2.9% in December. Year-over-year growth in the fresh vegetables (+9.0%) and fresh fruit (+2.8%) indexes intensified in January.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
