Consumer prices in Canada rose over the last year, but not alarmingly, Stats Canada reported yesterday. Charting a 2.9% increase over the last year, Stats Canada attributed the jump primarily to food and gas prices, but noted that gas prices eased up over the last months. "Consumers paid 4.8% more for food in the 12 months to November, the largest increase since July 2009. The November gain follows a 4.3% increase posted in October," the government agency said. The cost of transportation increased 5.7& in the 12 months to November, following a 6.7% gain in October caused by gasoline prices and insurance premiums.
Read all the details on the prices increases here.