Canada’s annual inflation rate slowed to 6.3% in December

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Canada’s annual inflation rate slowed to 6.3% in December
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Statistics Canada says grocery prices continued to soar last month, but at a slightly slower pace, with prices up 11% compared to a year ago

Statistics Canada says the country’s annual inflation rate slowed to 6.3 per cent in December.

The federal agency’s latest consumer price index released today says inflation slowed last month largely due to a deceleration in gas prices. That deceleration was offset by increases in mortgage interest costs, clothing and footwear and personal care supplies and equipment.Grocery prices continued to soar in December, but at a slightly slower pace, with prices up 11 per cent compared to a year ago.

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