But it continued to reverberate through monthly inflation data until last month, when it fell out of the year-over-year movement and price growth accelerated, according to the data agency. December's rate was a smidge higher than the 2.2 per cent rate seen in November. With energy excluded, inflation rose to three per cent in December (after a 2.6 per cent jump in November). Inflation rose 2.1% on annual average basisIn tandem with December's inflation report, Statistics Canada also released its annual review of consumer prices for 2025. Inflation rose 2.1 per cent on an annual average basis last year, after a 2.4 per cent increase in 2024.

Source: CBC News January 20, 2026 00:04 UTC