Canada's inflation rate fell to 1.9 per cent in December as two things consumers are used to paying more for —cellphone plans and gasoline — became cheaper. Statistics Canada reported Friday that Canada's overall inflation rate fell by two-tenths of a percentage point from the previous month's level, exactly what economists polled by Bloomberg were expecting. But that's less than the 19.6 per cent pace in the previous month, which is the biggest reason the overall inflation rate slowed down. But there was one part of the cost of living that got unexpectedly cheaper in December: wireless plans. Telephone services dropped by 7.6 per cent in price, the biggest one-month decline on record.

Source: CBC News January 26, 2018 13:51 UTC