The annual pace of inflation slowed in December compared with November as gains in the price of gasoline slowed, according to Statistics Canada.
The agency said 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.
SIGN UP FOR ERICA ALINI’S UPCOMING WEEKLY MONEY NEWSLETTER:
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 categories as the transportation index which includes gasoline and the shelter group led the way.
Get weekly money news
READ MORE: The economic trends that could hit your pocketbook in 2018
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.
- Half of Alberta’s small businesses experienced increased crime in 2025, CFIB says
- Iran ceasefire still holds ‘considerable uncertainty’ for food, oil prices
- Deloitte sees Canada’s oilpatch as ripe for deals once turmoil blows over
- Vancouver Park Board approves plan to ask city for massive investment
-
![]()
Moncton launching new program to address crime in city’s downtown; advocates say more is needed -
![]()
N.S. long-term care workers prepare to strike as wage negotiations with province break down -
![]()
Business Matters: Canadian oil patch ready for new deals -
![]()
COFI 2026: Looking to forestry to build a stronger B.C.
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.
WATCH: Here’s how to get out of credit card debt
Comments
Want to discuss? Please read our Commenting Policy first.