By Robb M. StewartOTTAWA--Canada's annual inflation rate unexpectedly held steady last month as consumers continue to be squeezed by higher mortgage interest costs, food prices and rent. The country's consumer price index rose 3.1% in November from a year earlier, matching the pace in October, Statistics Canada said Tuesday. Meanwhile, the average of the Bank of Canada's preferred trimmed mean and weighted median measures for underlying core inflation held at 3.45% on-year in November. Core inflation provides a measure of price changes that excludes volatile goods such as food and energy. Write to Robb M. Stewart at robb.stewart@wsj.com(END) Dow Jones NewswiresDecember 19, 2023 08:49 ET (13:49 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 19, 2023 13:55 UTC