Canadian CPI rose in November

OTTAWA, Dec.21 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 2.1 percent on a year-over-year basis in November, following a 1.4 percent increase in October. The all-items excluding gasoline index increased 1.5 percent year over year in November after growing 1.3 percent in October, according to Statistics Canada Thursday.

Prices rose in seven of the eight major CPI components in the 12 months to November, with the transportation and shelter indexes contributing the most to the increase. The clothing and footwear index declined on a year-over-year basis.

Transportation prices jumped 5.9 percent on a year-over-year basis in November, following a three percent rise in October. Gasoline prices contributed the most to this acceleration, up 19.6 percent year over year in November, after surging 6.5 percent the previous month.

The increase was partly attributable to higher crude oil prices in November, as well as a monthly decline one year earlier.

The purchase of passenger vehicles index also accelerated to 3.6 percent on a year-over-year basis in November, following a 1.9 percent rise in October. The November increase was partly attributable to the greater availability of new 2018 model year vehicles.

The food index rose 1.6 percent year over year in November following a 1.3 percent increase in October.

On a month-over-month basis, the food index rose 0.8 percent in November, the largest monthly gain since January 2016. Prices for meat were up 1.9 percent on a year-over-year basis in November after a 0.1 percent increase in October. Fresh vegetable prices rose 3.8 percent in the 12 months to November.

Consumer prices for household operations, furnishings and equipment rose 0.9 percent on a year-over-year basis in November after increasing 0.2 percent in October. Enditem