Statistics Canada to release November inflation numbers today

OTTAWA –

Statistics Canada is about to launch its newest inflation studying right now, giving perception on how briskly costs have been rising final month.

The nation’s annual inflation charge held regular at 6.9 per cent in September and October.

RBC is forecasting the annual inflation charge cooled to six.7 per cent in November.

Though inflation stays nicely above the Bank of Canada’s two per cent goal, economists have been inspired by a slowdown in value progress over the previous couple of months.

However, the price of groceries continues to climb quickly, with costs up 11 per cent in October in contrast with a yr in the past.

The Bank of Canada, which has signalled it might cease elevating rates of interest, can be paying shut consideration to the newest client value index report.