Annual pace of inflation slows as the price of gasoline levels out

Consumer price index for the final month of 2017 was up 1.9 per cent, officials say

Statistics Canada says the annual pace of inflation slowed in December compared with November as gains in the price of gasoline slowed.

The agency says the consumer price index for the final month of 2017 was up 1.9 per cent compared with the same month a year earlier. That compared with a reading of 2.1 per cent in November.

Excluding gasoline, prices were up 1.5 per cent year over year in December, matching the increase in November.

Prices were up in seven of the eight major catergories as the transportation index which includes gasoline and the shelter group led the way.

Transportation prices were up 4.9 per cent from a year ago compared with a 5.9 per cent increase in November. Gasoline, a key component of the group, climbed 12.2 per cent compared with a year earlier following a 19.6 per cent increase in November.

The shelter index climbed 1.4 per cent compared with a year ago as natural gas prices rose 6.2 per cent following a 3.1 per cent increase in November.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Former teacher returns to Port Alberni to lead Alzheimer’s Walk

Jory Mitchell celebrates his journey with late wife and her Alzheimer’s diagnosis

Pacific Rim National Park Reserve issues cougar warning at Kennedy Lake

Cougar encounter reported between Tofino and Ucluelet.

Deadline looming for North Island College scholarship applications

Students have until April 24 to apply for a record number of… Continue reading

BC Ferries to pilot selling beer and wine on select routes

Drinks from select B.C. breweries and VQA wineries to be sold on Swartz Bay to Tsawwassen route

Hupacasath First Nation re-elects entire council for new term

Steven Tatoosh takes helm for fifth term as chief, talks economic prosperity for future

VIDEO: Alberta man creates world’s biggest caricature

Dean Foster is trying to break the world record for a radio show contest

Chaos at the ferry terminal for people heading from Vancouver to the Island

Easter crowds create backlog at Tsawwassen ferry terminal

B.C. RCMP receive application for Police Cat Services

RCMP announced the launch of the Police Cat Services unit as an April fools joke

Kirkland Signature veggie burgers recalled due to possible metal fragments

Recalled products came in 1.7 kg packages with a best before date of Apr. 23, 2019

Parents of 13 who tortured children get life after hearing victims

One of their daughters fled their home and pleaded for help to a 911 operator

Flooding, climate change force Quebecers to rethink relationship with water

Compensation for victims of recurring floods limit to 50% of a home’s value, or a maximum of $100,000

Storms blast South, where tornadoes threaten several states

9.7 million people in the Carolinas and Virginia at a moderate risk of severe weather

Private cargo ship brings Easter feast to the space station

There are three Americans two Russians and one Canadian living on the space station

Notre Dame rector: “Computer glitch” possible fire culprit

The fire burned through the lattice of oak beams supporting the monument’s vaulted stone ceiling

Most Read