Saturday, August 23, 2025

Latest

Canadian Inflation Slows to 6.3% in December

Consumer prices continued to slowly moderate in December, suggesting peak inflation may have passed.

Canadians paid 6.3% more for goods and services in December compared to one year ago, marking a modest downshift from November’s 6.8% year-over-year increase and better than economists’ forecasts calling for an annual gain of 6.4%. Core CPI, which does not account for food and energy, decelerated to an annualized 5.3% last month, following November’s gain of 5.4%.

The majority of last month’s decline was due to a 13.1% month-over-month drop in gasoline prices, deceleration in the homeowners’ replacement cost to 4.7%, and a decrease in the price of durable goods. The slowdown in CPI was offset by rising mortgage interest costs, which jumped 18% from December 2021. Grocery prices also continued to increase last month— albeit at a slower pace. Prices for food purchased from stores increased 11% in December, following an increase of 11.4% in the month prior.

Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

G Mining Q2 Earnings: Costing Gone Wild

Aya Gold Q2 Earnings: Production Slips Amid Ramp Up

i-80 Gold Q2 Earnings: Better, But Not Great

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Argentina’s Inflation Soared Past 100% in March

Inflation in Argentina soared by more than 100% last month, as the South American nation...

Wednesday, April 19, 2023, 06:19:00 AM

OnlyFans Booming Despite Surging Inflation

Adult content website OnlyFans has something to gloat about: unlike its tech peer Netflix, the...

Wednesday, June 8, 2022, 03:41:00 PM

Turkish Lira Resumes Historic Tumble After Erdogan Praises Rate Cut

The Turkish lira was sent into a further free-fall on Tuesday, after President Recep Tayyip...

Wednesday, November 24, 2021, 02:41:00 PM

October Inflation Skyrockets to 4.7% as Price Pressures Accelerate Despite ‘Transitory’ Narrative

That pesky ‘transitory’ inflation just refuses to go away! In fact, it jumped by another...

Wednesday, November 17, 2021, 04:04:00 PM

Another Policy Error? Bank of England Hikes Rates Despite Uncertainty Over Economic Growth

The Bank of England on Thursday raised borrowing costs for the third consecutive time, amid...

Friday, March 18, 2022, 11:38:00 AM