NewsCanada Sees 30-Year High Inflation In December

Canada Sees 30-Year High Inflation In December

19.01.2022 20:42

Annual inflation at 4.8%, monthly rate stands at 0.1%, according to official figures.

Annual inflation in Canada hit its highest level in 30 years in December at 4.8%.

Supply chain issues were the main contributor to the rise, according to StatCan, the country's official statistical agency.

The rate was 4.7% in the previous month, while monthly inflation was 0.1% in December after 0.2% in November.

Grocery prices continued to climb in December but durable goods prices saw a faster pace.

Germany and the UK's inflation figures also hit 30-year high levels on Wednesday.​​​​​​​ -

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