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Statistics Canada set to release December inflation data this morning
Rising food and restaurant prices pushed inflation to 2.4%, up 0.2 points from November, after the federal GST holiday ended, Statistics Canada said.
- Statistics Canada reported that inflation rose to 2.4% in December, up from 2.2%, due to the end of a tax holiday affecting prices in the previous year.
- The price of restaurant meals increased by 8.5%, influenced by the removal of the GST exemption for certain items last year.
- A 13.8% drop in gasoline prices partially offset the inflation increase, attributed to global crude oil oversupply.
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December inflation rate 2.4 per cent, 2.1 per cent for all of 2025
Statistics Canada released two reports on inflation Monday morning, one detailing inflation for December and the other for all of 2025.In December, inflation rose 0.2 percentage points from November to 2.4 per cent. Two factors impacted the monthly Consumer Price Index. First, the GST holiday that started in mid-December 2024 put upward pressure on the index, while a drop in gas prices put downward pressure on it.As a result of the comparison to…
·Kemptville, Canada
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Winnipeg Free Press+10 Reposted by 10 other sources
Statistics Canada set to release December inflation data this morning
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources18
Leaning Left10Leaning Right0Center2Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
C 17%
Factuality
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