Canada’s annual inflation rate slowed to 6.3 per cent in December

OTTAWA –

Statistics Canada says the nation’s annual inflation price slowed to six.3 per cent in December.

The federal company’s newest client value index launched right this moment says inflation slowed final month largely to because of a deceleration in gasoline costs.

That deceleration was offset by will increase in mortgage curiosity prices, clothes and footwear and private care provides and tools.

In November, the annual inflation price was 6.8 per cent.

Grocery costs continued to soar in December, however at a barely slower tempo, with costs up 11 per cent in comparison with a 12 months in the past.

Statistics Canada says the common inflation price for 2022 was 6.8 per cent.

This report by The Canadian Press was first revealed Jan. 17, 2023