The annual rate of inflation slowed in Saskatchewan during January, but is still higher than both the national average and the Bank of Canada’s target rate.
Statistics Canada reported Friday the consumer price index rose 2.5 per cent when compared to January 2017.
That is down from December when the inflation rate was 3.4 per cent.
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Prices were up in all eight core categories tracked by the agency.
Transportation costs increased 3.8 per cent, with gas costing 4.9 per cent more than a year ago.
Food prices were up 3.2 per cent, with the cost of fresh vegetables jumping 9.6 per cent and restaurant purchases increasing 8.1 per cent.
The national rate of inflation rose to 1.7 per cent in January, weaker when compared to 1.9 per cent in December and 2.1 per cent in November.
The Bank of Canada’s ideal inflation bull’s-eye is two per cent.
With files from The Canadian Press
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