Canada's CPI contracted in December, came in at -0.5% MoM

FXStreet (Mumbai) - Canada’s December CPI contracted more than expected, dropping 0.5 per cent month on month. It had declined 0.1 per cent in November. Year on year, CPI rose 1.6 per cent in December, lower than the expected 1.7 per cent increase but higher than 1.4 per cent year on year growth seen in November.

BoC Core CPI contracted 0.4 per cent month on month in December. Year on year, it increased 1.9 per cent lower than the expected 2 per cent rise and also below 2 per cent rate achieved in November.