off-the-wire

Canada annual inflation rate slows to 5.9% in January

Kitco Media
By Reuters
Published:
Updated:
Reuters

OTTAWA, Feb 21 (Reuters) - Canada's annual inflation rate fell to 5.9% in January, largely on the base year effect, as gasoline prices, mortgage interest and food prices rose, Statistics Canada said on Tuesday.

Analysts polled by Reuters had expected the annual rate to fall to 6.1% in January from December.

Percent changes

Month-on-month Year-on-year

Jan Dec Jan Dec

CPI - all items +0.5 -0.6 +5.9 +6.3

CPI - common n/a n/a +6.6 +6.6

CPI - median n/a n/a +5.0 +5.2

CPI - trim n/a n/a +5.1 +5.3

Bank of Canada core +0.3 -0.3 +5.0 +5.4

All items ex food/energy +0.2 -0.1 +4.9 +5.3

Goods +1.0 -1.7 +6.4 +6.9

Services +0.1 +0.3 +5.3 +5.6

Energy +1.3 -7.9 +5.4 +7.3

Seasonally adjusted +0.3 0.0 n/a n/a

Core CPI, SA +0.1 +0.3 n/a n/a

NOTE: Analysts in a Reuters survey had on average forecast January CPI to be 6.1% annualized, and to be up 0.7% on the month.

(Reporting by Dale Smith; Editing by Ismail Shakil)

((ismail.shakil@tr.com))

Keywords: CANADA ECONOMY/INFLATION

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