Canada’s inflation rate held steady in November

Statistics Canada says the national annual inflation rate was unchanged in November, holding steady at 3.1 per cent.  The consumer price index report today shows progress on easing inflation stalled as higher prices for recreation and clothing put upward pressure on headline inflation.  Meanwhile, the pace of grocery price increases continued to slow for a fifth consecutive month.  Grocery prices were up 4.7 per cent from a year ago, marking a slowdown from 5.4 per cent in October.  PEI’s annual inflation rate was 0.4 percent in November.