Ottawa, Dec 22 (TIWN) Canada's consumer price index (CPI) rose 6.8 per cent year over year in November, following a 6.9 per cent increase in October, the national statistical agency said.

The country's consumer-price index rose 6.8% from a year earlier in November, Statistics Canada said Wednesday. The market was expecting the index to rise 6.7% for the month, after it held steady at 6.9% in October.

On a month-over-month basis, prices edged up 0.1% in November. On a seasonally adjusted basis, CPI rose 0.4% from the previous month.

Meanwhile, the average of the Bank of Canada's preferred measures for underlying core inflation in November was 5.7%, up from 5.5% in the previous month. Core inflation provides a measure of price changes that excludes volatile goods such as food and energy.