Stats Canada: inflation falls in December, Victoria drops to 1.3 per cent from 2.1

Stats Canada: inflation falls in December, Victoria drops to 1.3 per cent from 2.1
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Gas prices increased 12.2 per cent in December compared to the same time in 2016, down from 19.6 per cent in November. The inflation rate dropped last month nationally and in Victoria. File photo.

Gas prices increased 12.2 per cent in December compared to the same time in 2016, down from 19.6 per cent in November. The inflation rate dropped last month nationally and in Victoria. File photo.

A slowing pace of gasoline price increases helped bring down the annual inflation rate in December compared to the month before.

Statistics Canada says the consumer price index was up 1.9 per cent in the country compared to the same month in 2016, coming down from 2.1 in November.

The agency says Victoria’s inflation fell eight-tenths of a per cent to 1.3 in December.

Gasoline rose 12.2 per cent in December year over year after a 19.6 per cent hike in November.

Prices were up 1.5 per cent in December, excluding gas, which was the same increase in November.

While transportation and shelter prices dropped compared to November, natural gas rose last month 6.2 per cent after a 3.1 per cent hike in November.

With files from the Canadian Press.

Andy NealAndy Neal

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