Inflation ticks up to 2.4% in December as last year's GST break impacts data
Posted on: Jan 19, 2026 19:11 IST | Posted by: Cbc
Canada's yearbook rising prices value ticked up to 2.4 per cent in dec compared to the same geological period last year, when the federal government implemented a GST break that brought some prices down, Statistics Canada said on Monday.
The temporary tax cut, which began on Dec. 14, 2024, lasted for two months. But it continued to reverberate through monthly inflation data until last month, when it fell out of the year-over-year movement, according to the data agency.
December's rate was a smidge higher than the 2.2 per cent rate seen in November. It was partly offset by a decline in gas prices. With gas excluded, inflation rose to three per cent in December (after a 2.6 per cent jump in November).
Grocery price growth was unchanged between November and December but rose to five per cent when compared to the same time last year, with coffee and fresh or frozen beef still driving the increase.
More to come.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.