Canadian inflation slowed to 1.7% in November

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In November, consumer prices in Canada rose by 1.7% year-on-year, official data showed. Compared to a price increase of 2.4% in October, November inflation slowed down, marking the lowest value since January of this year. Inflation, which does not take into account the cost of gasoline, was 1.9% in November. Annual growth was observed in many sectors of the economy, but housing prices rose the most, prices for which increased by 2.4%. The cost of mortgage loans rose by 7.2%, the fastest rate since October 2008. Prices for cars increased by 0.8%. At the same time, electricity fell by 1.3%, gasoline - by 5.4%. Durable goods decreased in price by 0.1%.

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