Annual Inflation Rate Rises to 5.1 Percent January on Broad Price Increases

Gas prices are displayed at a Shell station in Newcastle, Ontario, on Feb. 2, 2022. The Canadian Press/Doug Ives

OTTAWA—The annual pace of inflation has topped five percent for the first time in more than 30 years.

The annual inflation rate rose to 5.1 percent in January compared with a gain for 4.8 percent in December, Statistics Canada reported Wednesday.