Canada: Annual CPI rises to 4.8% in December versus expected rise to 4.8%

Headline Consumer Price Inflation in Canada rose to 4.8% YoY in December from 4.7% in November according to the latest release from Statistics Canada on Wednesday. That was in line with consensus economist forecasts. The MoM rate came in at -0.1%, also in line with consensus forecasts for a slight decline from 0.2% in November.