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

Military Vehicle Display and Swap Meet will bring over 40 military vehicle displays

People from across Alberta will head to Red Deer for 2nd annual event

Beach Buddy Program brings reading lakeside

Beach Buddy Program is run through the Sylvan Lake Municipal Library during the summer months

Sylvan Lake swimmer heading to Pan Pacific Championships

Elizabeth Moore will be competing at the games in Fiji Aug. 23-26.

Eckville Elementary teacher advocates positive mental health for young children

Jaleesa Grzech has written a series of books to help children deal with anxiety and stress

Harvest safety reminders from Lacombe County

Lacombe County reminds producers, residents and visitors to be safe during fall harvest operations.

‘We will not forget:’ Thousands attend funeral fallen Fredericton officers

Hundreds of officials marched in the parade, which included massed band, several police motorcycles

WATCH: Pioneer Days runs all weekend at Sunnybrook Farm

Red Deerians brave the smoke to celebrate Sunybrook’s biggest event

Ride to Reynolds Alberta Museum in Wetaskiwin

Smoky but awesome event celebrates everything ‘motorcycles;’ open Sat. Aug. 18 to 4 p.m.

Canadians believe in immigration but concerned about asylum seekers: study

Immigration, Refugees and Citizenship Canada paid for study to understand Canadian attitudes

These are the highest-paid actresses of 2018

In its list released this week Forbes said all 10 earned a total of $186 million before tax

Ponoka’s Ronnie Racing wins Hot August Night

About 15,000 people filled the Castrol Raceway stands at the motorsports complex

Vintage vehicle subject of RCMP search

Two Hills RCMP seek to identify owner of recovered 1940’s vehicle

Canada’s tax system unfairly favours wealthy, poll of CRA auditors suggests

Four of every five respondents think loopholes and tax credits built into the system benefit the rich

Banff’s Sunshine ski resort upset with proposed guidelines from Parks Canada

The plan would allow for more visitors but wouldn’t let Sunshine build additional facilities

Most Read