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

It’s been a strong start for Red Deer’s newest hockey team

Red Deer Senior AA Rustlers coming off back-to-back wins

Innisfail RCMP investigate serious collision west of Innisfail

One of the passengers was taken by STARS air ambulance to the hospital

The Red Deer Home Renovation & Design Show runs through to Sunday at Westerner Park

Lots of ideas for fall renovation, decor, design, organization, construction and indoor living projects

Red Deer RCMP investigate second failed ATM theft attempt

This is the second attempt to steal the ATM from Eastview IGA in less than a week

Singer k.d. lang receives Alberta’s highest honour

Celebrated singer-songwriter k.d. lang received the Alberta Order of Excellence in Edmonton

Payette invites critics to ‘come and spend a few days’ with her

Governor General Julie Payette made her first official to B.C. back in March

Police say suspicious death of B.C. artist ruled a homicide

Patrick Zube Aylward’s body was found in a residence on a rural road outside of Seton Portage, west of Lillooet, B.C.

Temporary roads being built in areas affected by landslide in northern B.C.

Emergency Management BC news release says Disaster Financial Assistance is available to eligible residents of the Peace River Regional District who may have been affected by the landslides

‘Mom, I’m in trouble:’ Canadian faces 10 years for alleged graffiti

Brittney Schneider, another tourist caught spraying message on walls of Tha Pae Gate in Thailand

Feds consulting on national anti-racism strategy behind closed doors

Heritage Minister Pablo Rodriguez says people still face systemic racism in some communities

Pot sales down by nearly 70% on Day 2 of legalization in B.C.

Several products on BC Cannabis Store are still sold out

Colourfully named cannabis products appeal to youth, Tory health critic says

Conservative health critic Marilyn Gladu says the Liberal government needs to do more to ensure cannabis products available online are not enticing to young people

B.C. high school teacher faces sexual assault charges

A Mt. Boucherie teacher has been charged with child luring, sexual exploitation and sexual assault.

Most Read