Canada's inflation rate confounded some of the experts last month, slowing to 1.2%, largely because food prices cheapened.
Figures released Thusrday by Statistics Canada showed that the consumer price index cooled a little from the previous month largely because food prices declined in November by 0.7% on a year-over-year basis, matching the previous month's decline.
Economists had been expecting the November inflation rate to come in at around 1.4%.
Fresh vegetables and fruit as well as meat dropped in price in November, while prices rose for fish, seafood and other marine products index.
One of the other biggest contributors to the slowdown was cheaper gasoline, as gas prices were 1.7% lower, on average, in November than they were in the same month a year earlier. That wasn't the case in October, when gas prices rose by 2.5% on an annualized basis.
