Annual pace of inflation slows as the price of gasoline levels out

Consumer price index for the final month of 2017 was up 1.9 per cent, officials say

Statistics Canada says the annual pace of inflation slowed in December compared with November as gains in the price of gasoline slowed.

The agency says 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.

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 catergories as the transportation index which includes gasoline and the shelter group led the way.

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.

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.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

BC Hockey to improve concussion care for players

BC Hockey has partnered with HeadCheck Health Inc. to establish standardization, and… Continue reading

Nanoose farm hopes to be more agriculturally transparent

Goal is to have new barn open to the public by spring of 2019

Teens premier Beauty and Beast Jr. Aug. 16 in Qualicum Beach

Outgoing and up-and-coming actors detail benefits of teen program

Drug-busted building in Parksville declared a ‘nuisance property’

RCMP has attended 354 Island Hwy. West 86 times since 2007

UPDATE: 5 injured in plane crash following Abbotsford International Airshow

One in critical condition in incident involving vintage plane

Average Canadian family spends 43% of income on taxes: study

Fraser Institute’s consumer report shows taxes accounting for larger chunk of income each year

Four-hour ferry delay on Buckley Bay-Denman Island route

BC Ferries reported the cable ferry is experiencing issues with the head shieve.

‘It’s like a party in your mouth’

B.C. creator’s Milkshake Burger makes its debut at the PNE

Vehicle catches fire near Vancouver Island provincial park

Fire shut down Highway 4 in both directions

Get involved in the Great Canadian Bumble Bee Count

Environmental organization develops app to help with the nationwide count

Pesticides linked to bee deaths will be phased out in Canada, sources say

Neonicotinoids, or neonics, are a class of pesticides used by farmers and hobby gardeners alike

Wildfire smoke blankets B.C. and Alberta, prompting air quality advisories

About 25 new wildfires were sparked between Monday morning and midday Tuesday

Most Read