MNI: 5 Things We Learned From Canadian CPI Data>

     OTTAWA (MNI) - The following are the key points from the November 

data on the Canadian Consumer Price Index released Thursday by 

Statistics Canada: 

     - Headline unadjusted CPI rose 0.3% on the month, more than the 

0.2% increase expected by analysts in a MNI survey. On an seasonally 

adjusted basis, inflation rose 0.5% and 0.2% excluding food and energy. 

     - Unadjusted CPI was up 2.1% year-over-year after +1.4% in October, 

slightly above expectations of a 2.0% increase, and above the Bank of 

Canada's 2.0% target. 

     - As expected, gas prices were the main upward contributor to both 

monthly and year-over-year inflation. Gas prices rose 7.4% on the month 

and 19.6% from November 2016. 

     - Excluding gasoline, CPI growth still accelerated to 1.5% from 

1.4%. Excluding food and energy, CPI was unchanged, for a 1.8% 12-month 

gain. All eight major CPI categories increased year-over-year except 

clothing and footwear. 

     - The range of three BOC's preferred measures of underlying 

inflation edged up to 1.5%-1.9% from 1.5%-1.7%. 

--MNI Ottawa Bureau; email: yali.ndiaye@marketnews.com 

[TOPICS: M$C$$$,MACDS$]