Canada’s inflation rate fell to 1.8 per cent in December, with the federal government’s GST holiday contributing to a price decline across several categories, Statistics Canada said Tuesday.
Food and drinks bought from restaurants contributed most to the decline that month, with prices dropping 1.6 per cent.
Housing prices still rose in December by 4.5 per cent, but at a slightly slower pace than the previous month’s 4.6 per cent rate. Gas prices rose 3.5 per cent, due to what’s referred to as a base-year effect.
More to come.