RSS Canada’s Core CPI Rises to 1.8% Year-Over-Year in December

[Crax Bot]

As of December 2024, Canada's Core Consumer Price Index (CPI) reached 1.8%, marking a subtle increase from November's 1.6%. This rising trend, reported in the latest data update on January 21, 2025, reflects changing economic dynamics over the past year.

The Core CPI, which excludes volatile items and provides a clearer picture of underlying inflation trends, indicates a slight uptick when compared with the same month in the previous year. November had already shown a year-over-year increase, but the December figure suggests a continuing, albeit modest, strengthening in consumer price growth.

These figures are closely watched as they offer insights into the underlying inflationary pressures that could influence economic policy and decision-making in Canada. The increase suggests gradual inflationary pressure, although still below many central banks' targets, potentially guiding decisions on interest rates and economic interventions in the upcoming months.

The material has been provided by InstaForex Company - www.instaforex.com

Click to read more...