Annual inflation rate rises to 5.1 per cent in January on broad price increases

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.

(Sponsored)

Local businesses face hiring obstacles due to immigration pullback, flawed screening

In his 39 years of practicing immigration law, Warren Creates (a rare Law Society Certified Specialist) has never seen an environment so challenging for employers looking to hire workers from

Read More

How The Ottawa Hospital uses AI tools to boost health outcomes and streamline clinical efficiency

Dr. Douglas Manuel says it all began with the Ottawa Ankle Rules algorithm, a set of clinical guidelines developed in the early 1990s by The Ottawa Hospital’s Dr. Ian Stiell

Read More

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.