Canada’s inflation holds steady while core readings cool
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Core inflation rates slow to below 3% for the first time in monthsYou can save this article by registering for free here. Or sign-in if you have an account.Canada’s headline inflation rate held steady at 2.2 per cent in November, while measures of core inflation showed signs of cooling for the first time in months, Statistics Canada said on Monday.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Factors putting downward pressure on the consumer price index (CPI) included slower price increases for services and lower prices for travel tours and accommodation, the latter driven mainly by a base year effect due to the rise in hotel prices for the Taylor Swift concerts in Toronto in November 2024.Rental prices also rose at a slower pace, climbing by 4.7 per cent in November, compared to 5.2 per cent in October.Core measures such as CPI-median rose by 2.8 per cent, the first time it has dipped below three per cent since May, while CPI-trim also rose by 2.8 per cent, the first time it’s been below three per cent since March.More to come …• Email: jgowling@postmedia.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2025 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.