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

Annual Heritage Day celebration highlights Terrace history, culture

Over 30 vendors displayed various vintage and historic items from the city’s past on Feb.17 in the Sportsplex Banquet Room.

Terrace River Kings win playoffs

Defeating Williams Lake Stampeders, the team now heads to the Coy Cup for the fourth year in a row

First annual Valentines Day Memorial Walk to honor missing and murdered Indigenous people held in Terrace

Mayor Carol Leclerc and RCMP Cst. Angela Rabut joined members of the Radek family and walkers on Feb. 14 from the Chill Soda Shop on Highway 16 to the Tempo Gas Station.

Most Highway 16 closures for avalanches in years after multiple dumps of snow

Highway 16 has had four closures between Terrace and Prince Rupert due to 35 mile avalanche area

Thrilling finish to 59th All Native Tournament

Kitamaat, Hydaburg, Port Simpson and Kitkatla win championships in 2018 All Native Tournament

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

SAR suspends search for missing man at Sun Peaks

RCMP will continue to search for a missing man near Kamloops but SAR has suspended their role

Lottery will help save children’s lives

Each ticket gets you a chance to win a lot of money, while helping a lot of kids

B.C. RCMP officer officially cleared in car wash shooting incident

A report found the Salmon Arm officer fired 14 bullets at the man’s truck

Interest in Canadian Armed Forces remains high

Canada seeks about 5,000 recruits each year for its regular forces of about 68,000

Rules reviewed to keep drug money out of B.C. real estate

Investigator looking at loans as well as casinos, David Eby says

VIDEO: B.C. deer caught obeying traffic signs

A herd of deer in Fernie, B.C. is getting attention online after stopping for a stop sign

Petition wants fundraiser dropped for family of man cleared in Boushie’s death

Group says GoFundMe is profiting from the young Indigenous man’s death

Most Read