Watch: Here’s what November’s 6.8% inflation reading means for consumers and the Bank of Canada
Food prices were up 11.4 per cent from a year ago in November. Photo by Peter J. Thompson/National Post The consumer price index increased 6.8 per cent from November 2021, down from year-over-year increases of 6.9 per cent in September and October, Statistics Canada reported on Dec. 21. Financial Post finance reporter Stephanie Hughes breaks down what the latest inflation reading means for consumers and the Bank of Canada.
Recommended from Editorial Sticky inflation numbers probably not to Bank of Canada’s liking ‘Achingly slow process:’ What economists say about the latest inflation reading David Rosenberg: No ‘get out of jail free’ card for economy Tiff Macklem says he won’t settle for anything less than a return to 2% inflation • Email: shughes@postmedia.com | Twitter: StephHughes95
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