Friday, December 18, 2009

November 2009 Inflation Rate

Canada's annual inflation rose 0.9 per cent in November up from 0.1 per cent in October. November is the second straight month increase, due mainly from higher gasoline prices.

The increase is the fastest rate in eight months. Gas prices were 14.1% higher in the month compared to November 2008.
Housing costs declined by 1.7% mainly from home heating costs and natural gas falling 29.7% and fuel oil and other fuels falling 10.6%

The Bank of Canada predicts inflation to hit 2% in the second half of 2011.

Source: Statistics Canada

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Constantine Isslamow
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Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc.
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