Canada’s Annual Inflation Rate Slowed in December but Grocery Prices Stayed High

Canada’s Annual Inflation Rate Slowed in December but Grocery Prices Stayed High
People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Dec. 26, 2022. The Canadian Press/Spencer Colby
|Updated:
0:00
Canada’s annual inflation rate slowed to 6.3 percent in December as the cost of groceries remained high and gas prices cooled.

In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a year ago.