12-21-17 8:45 AM EST | Email Article
    By Paul Vieira 

OTTAWA--Annual inflation in Canada picked up steam in November and crossed the 2% level for only the second time in three years, on the strength of higher prices for gasoline, food and cars.

Canada's consumer-price index rose 2.1% on a year-over-year basis in November, Statistics Canada said Thursday, following a 1.4% advance in October. CPI in November slightly topped market expectations for a 2% rise, according to economists at Royal Bank of Canada.

On a month-over-month basis, prices rose 0.3%.

    Write to Paul Vieira at paul.vieira@wsj.com 

(END) Dow Jones Newswires

December 21, 2017 08:45 ET (13:45 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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