Statistics Canada released Consumer Price Index (CPI).
Consumer prices declined for a second consecutive month in November as the price of gasoline continued to decrease.
The all-items Consumer Price Index fell 0.2 percent in November, after it declined 0.5 percent in October.
The 12-month change in the index slipped to 2.0 percent from 2.6 percent in October.
The all-items index excluding energy was 1.4 percent higher in November compared to one year earlier, down from the 12-month increase of 1.5 percent in October.
The 12-month change in the all-items index excluding the eight volatile components, as defined by the Bank of Canada, was also down at 1.6 percentin November, compared with the 12-month change of 1.7 percent in October.
Consumer prices climb more slowly on a 12-month basis Consumer prices climbed more slowly on a 12-month basis due mostly to a drop in gasoline prices in November 2005.
Gasoline prices increased on average 9.4 percent from November 2004 to November 2005, compared to an increase of 17.0 percent from October 2004 to October 2005.
Other major factors that pushed up the CPI were the cost of purchasing and leasing automotive vehicles, natural gas, homeowners' replacement cost and restaurant meals.
Gasoline (+9.4 percent) exerted the strongest upward pressure on the 12-month change in the CPI.
Price increases ranged from 6.0 percent in Nova Scotia and Newfoundland and Labrador to 12.7 percent in British Columbia.
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