Canada’s Annual Inflation Rate Slowed in January but Grocery Prices Are Still Soaring

Canada’s Annual Inflation Rate Slowed in January but Grocery Prices Are Still Soaring
Produce in a grocery store in Toronto on Nov. 30, 2018. Nathan Denette/The Canadian Press
The Canadian Press
Updated:
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Canada’s annual inflation rate slowed to 5.9 percent in January, despite grocery prices rising at an even faster pace last month.

In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 percent in December reflects a base-year effect.