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ARGENTINA

August Economic Activity Rises 1.1% M/m

     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$]