FXstreet.com (Barcelona) - Consumer prices have increased at 2.5% annual pace in November, slightly faster than in October's 2.4% annual rate, pushed by higher gasoline prices, according to data released by Eurostat.
The Bank of Canada Core index has remained at a slower 1.6% annual rate, this gauge, observed by the Canadian Central Bank in order to assess inflationary trends, has posted its slowest yearly growth in more than a year time. The core rate has been decelerating continuously since the 2.2% in August 07.
On the month, consumer prices increased 0.3% in November after having decreased 0.3% in the previous month, while the Core CPI remained unchanged from October to November.
The main upward contribution to CPI came from gasoline prices, as they increased 17.6% from November last year, due, partially to a drop in prices in November 2006 and to the 4.0% increase gasoline posted from October to November 2007.