Canadian Inflation Rises 1.5 Percent Year Over Year

Statistics Canada says the consumer price index for January rose 1.5 per cent compared with a year ago, driven higher by electricity and gasoline costs.
The gain compared with a uptick of 1.2 per cent in December.
The Bank of Canada’s core index, which excludes some of the most volatile items, was up 1.4 per cent after climbing 1.3 per cent in December.

Economists had expected a gain of 1.3 per cent for both the consumer price index and the central bank’s core index.
Seven of the eight major components of the consumer price index were up from a year ago. Higher electricity costs pushed shelter costs up, while rising gasoline prices increased transportation costs.
The health and personal care index the only one to post a decline.

via CTV

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza