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

Pet-A-Palooza a good reason to ‘pawse’ this weekend in Victoria

Puppies, goats, wiener dog races and more on the grounds of St. Ann’s Academy Aug. 18-19

B.C. declares state of emergency as more than 560 wildfires rage

This is only the fourth state of emergency ever issued during a fire season

13-year-old Langford boy missing

West Shore RCMP say Alex Meickle was likely headed to Tofino

Greater Victoria-based digital crisis line sees spike in chats

Service allows youth to chat with volunteers through instant messaging services, text message

Rollover crash in Colwood occurred after driver had epileptic seizure

Colwood Fire used the Jaws of Life to extricate two people inside the vehicle

Reader photos: Greater Victoria’s hazy skies

Lingering smoke from wildfires contributed to the province issuing a smoky skies bulletin

B.C. not prepared for a Humboldt Broncos bus crash, group says

An air ambulance advocacy group wants an overhaul of B.C.’s emergency medical system in rural regions

Liberals look at creating federal holiday to mark legacy of residential schools

AFN National Chief Perry Bellegarde said day to recognize painful legacy would boost understanding

Mounties deployed to help B.C. communities affected by wildfires

RCMP officers heading to places particularly within central, northern and southern B.C.

Interim GoFundMe payments approved in Humboldt Broncos crash

$50,000 to be given to each of the 13 survivors and each family of the 16 people who died

B.C. gangster charged after man allegedly beaten with a golf club

Langley man facing aggravated assault charge after incident allegedly involved golf club and machete

442 Squadron medevacs injured fisherman at Graham Island

442 Squadron medevacs injured fisherman at Graham Island

Are you Canada’s next Masterchef?

Home cooks looking to follow their cuisine dreams can apply now.

Regional climate adaptation agriculture testing to expand in B.C.

Ottawa funds farm projects to conserve water, remove invasive species

Most Read