Statistics Canada says the annual pace of inflation topped five per cent for the first time in more than 30 years.
The agency says the annual inflation rate rose to 5.1 per cent in January compared with a gain for 4.8 per cent in December.
Driving much of the increase in January were prices for housing, gasoline and groceries.
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New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
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New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
Caroline Cao has been impressed by many aspects of uOttawa’s Faculty of Engineering since being appointed dean in August. But it was after the faculty’s recent Design Day – a
Gasoline prices were up 31.7 per cent last month compared with January 2021.
Excluding gasoline prices, Statistics Canada says the annual rate of inflation would have been 4.3 per cent in January.
Prices for groceries increased year-over-year by 6.5 per cent for the largest yearly increase since May 2009.
This report by The Canadian Press was first published Feb. 16, 2022.
Local inflation rates
Rates as of January. Previous month in brackets.
Ottawa
5.9 per cent (5.4).
Ontario
5.7 per cent (5.2).
