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12-month change:

1. The Consumer Price Index (CPI) rose 2.0% in the 12 months to November, following a 2.4% increase in October.
2. The slower year-over-year rise in the CPI was mainly attributable to gasoline prices, which fell 5.9% in the 12 months to November, after rising 0.6% in October.
3. Prices increased in seven of the eight major components in the 12 months to November. Higher shelter and food costs led the rise in the CPI, while the transportation index was the only major component to decline year over year in November.
4. Consumer prices rose at slower year-over-year rates in nine provinces in November compared with October. The CPIs for Newfoundland and Labrador and Prince Edward Island slowed the most, followed by Alberta. British Columbia was the only province where prices increased at a faster year-over-year rate in November than in October.

Month-to-month change:

1. On a seasonally adjusted monthly basis, the CPI fell 0.2% in November, after increasing 0.1% in October.
2. On a monthly basis and before seasonal adjustment, the CPI declined 0.4% in November, after increasing 0.1% in October.

Bank of Canada’s Core Index:

1. The Bank of Canada’s core index rose 2.1% in the 12 months to November, after increasing 2.3% in October.