Lower gas prices pull inflation back to 6.3% in Canada in December

Lower gas prices pull inflation back to 6.3% in Canada in December

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022.  REUTERS/Carlos Osorio

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio

Inflation in Canada increased 6.3 per cent in December from last year, Statistics Canada said on Tuesday, as gas prices fell but mortgage interest costs continue to rise and the cost of food remains stubbornly high.

December’s increase in the Consumer Price Index (CPI) marks the third straight month where the annual rate of inflation decreased from the prior month. In…


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