Inflation falls lower in December: Statistics Canada

There was good news from Statistics Canada this week as the agency reported inflation continued to slow in December. The Consumer Price Index was 1.8% on a year-over-year basis in December, down from 1.9% in November. Restaurant meals and alcohol were directly connected to the deceleration.

A temporary GST break on some items took effect in December, lowering the cost of food, booze, tobacco and cannabis as well costs for recreation, education, reading, clothing and shoes.