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Business

Canada inflation slows to 1.5% in December

Published: 23 Jan 2015 - 05:19 pm | Last Updated: 18 Jan 2022 - 03:56 am

 

Ottawa---Plummeting gasoline prices continued to keep inflation in check for a second month in a row, the government statistical agency said Friday.
Canadians paid 1.5 percent more for goods and services in December, following a 2.0 percent increase in Statistics Canada's Consumer Price Index the previous month.
The slow rise in inflation was mostly attributable to gasoline prices, which fell 16.6 percent in the 12 months to December, after falling 5.9 percent in November, the agency said.
Prices of natural gas, electricity, fresh vegetables, meat, restaurant meals and passenger vehicles were up in the month, while fuel oil costs fell.

AFP