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Plunging Gas Prices Lower Inflation

A combination of Christmas sales and falling gasoline and food prices contributed to one of the biggest one-month drop in consumer prices in years in December, Statistics Canada said Friday. The 0.6 per cent overall decline in prices from November slashed the annual inflation rate by a similar amount to 2.3 per cent. The one-month […]

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Inflation Inches Higher

Canada’s inflation rate rose to 3.2 per cent in the 12 months ended in September, pushed higher by price hikes for gasoline and food. Statistics Canada reported Friday that prices for food rose 4.3 per cent in the past year, while energy prices advanced 12.5 per cent. Those factors were the major contributors to the […]