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3/18/2016, 1:57 PM (Source: TeleTrader)
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Consumer prices rise 1.4% on the year in Canada, down from 2%

Last month the Consumer Price Index measured by Statistics Canada decreased 0.2% on a seasonally adjusted basis, after rising 0.2% in January. The report published today said the gauge increased 1.4% from 12 months before, after an annual rate was measured at 2% in January. Bank of Canada's core index climbed 1.9% from a year before in February, following a rise of 2% and 1.9% in the previous two months. The measure, which excludes volatile items such as gasoline, was up 0.1% on the month, after adding 0.2% in January.

Prices of petrol dropped 13.1% in the year through February, adding the most friction, according to the report. In January, the gasoline index rose 2.1% on an annual basis. Last month the category fell 6.9%. In comparison, petrol prices jumped 9.4% in February 2015. Last month also saw a decline in transportation index on a yearly basis, while six other major components rose, led by the food segment.

The Canadian dollar fell 0.58% against the euro and rose 0.3% compared to its counterpart from the United States (both 1:57 p.m. CET), in line with today's surge in prices of oil, Canada's main export product. Futures of crude reached the highest level since the start of the year.

 

Baha Breaking News (BBN) / IT