Canada's CPI rises 1.9 pct in November

Customers shop at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)

OTTAWA, Dec. 17 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday.

Slower price growth was broad-based, with prices for travel tours and the mortgage interest cost index contributing the most to the deceleration. Excluding gasoline, the all-items CPI rose 2 percent in November, following a 2.2 percent gain in October, according to the national statistical agency.

Despite the slowdown, grocery prices have remained elevated. Compared with November 2021, grocery prices rose 19.6 percent. Similarly, while shelter prices eased in November, prices have increased 18.9 percent compared with November 2021, the agency said.

On monthly basis, the CPI was unchanged in November, following a 0.4 percent increase in October. On a seasonally adjusted monthly basis, the CPI rose 0.1 percent, said Statistics Canada.

A customer shops at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)

Customers shop for groceries at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)

A customer shops for groceries at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)

Customers shop at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)

A customer shops for groceries at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)

A customer shops for groceries at a market in Toronto, Canada, on Dec. 17, 2024. Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in November, down from a 2 percent increase in October, Statistics Canada said on Tuesday. (Photo by Zou Zheng/Xinhua)