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

Sylvan Lake Pirates force Whitecourt Wild to walk the plank

The Pirates have played their way to back-to-back wins to sit seventh in regular season standings.

Sylvan Lake students prepare for opening night of ‘Almost, Maine”

Students and staff from H.J. Cody have been hard at work since September to bring Almost to life

WATCH: Sylvan Lake’s Daddy/Daughter Dance

The event was put on by SPARC Parent’s Association on Nov. 17

West Central Midget Tigers pounce on Airdrie

The Tigers’ regular season record is 10-1-2 after two wins this weekend

Big Bear Energy makes a big donation to Sylvan Lake Christmas Bureau

Big Bear Energy recently gave a donation to help families in need this holiday season

VIDEO: Shoppers like self-checkout lanes at the grocery store, survey suggests

Grocery Experience National Survey Report suggests most grocery shoppers spend 32 minutes per visit

Former NHL player and coach Dan Maloney dies at 68

Maloney coached the Toronto Maple Leafs and Winnipeg Jets

Ex-MSU president charged with lying to police about Nassar

Lou Anna Simon was charged Tuesday with lying to police during an investigation

Police looking into two more incidents at private Toronto all-boys’ school

Police and the school have said two of the prior incidents involved an alleged sexual assault

25% of Canadians still won’t say they use pot, survey says

Statistics Canada poll says Canadians on average were 18.9 years old when they first tried pot.

The latest advent calendar trend: Holiday cannabis

A Canadian company is giving people from coast to coast a new way to celebrate the Christmas countdown.

Ponoka’s Caleb Shimwell arrested after pursuit

Police allege that Shimwell rammed a police cruiser

731,000 Canadians going into debt to buy prescription drugs: UBC

Millennials and those without private coverage were more likely to borrow money

Most Read