FXstreet.com (Barcelona) - Canada CPI has risen in December at a similar pace than in November, in year-on-year terms, fuelled by higher gasoline and mortgage prices, while the Core CPI posted a rather moderate increase, according to data by Statistics Canada.

Consumer prices have risen 2.4% on the year in December in Canada, as expected, following a 2.5% increase on the previous month. The Core CPI rose a mere 1.5% from December 2006, the shortest increase since December 2005.

On the month CPI has edged 0.1% up; while the core CPI went 0.3% down from November. The main contributor to the CPI increase has been gasoline, whose price rose 1.7% on the month, below the 4.0% increase posted in November, which posted a 0.3% monthly increase on the total CPI.