The country’s annual inflation rate accelerated to 2.1 per cent last month to reach its highest mark in nearly a year.
The November inflation reading followed a 1.4 per cent increase in consumer prices in October.
Statistics Canada says inflation was driven last month by higher costs for gasoline and air transportation, compared with a year earlier.
The result means the annual pace of inflation has now surpassed the Bank of Canada’s ideal target of two per cent following a two-year low of one per cent in June.
PEI’s annual inflation rate stood at 2.2 per cent in November.