{"id":16821,"date":"2016-01-22T12:55:01","date_gmt":"2016-01-22T17:55:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16821"},"modified":"2016-01-22T12:55:01","modified_gmt":"2016-01-22T17:55:01","slug":"inflation-in-canada-ticks-up-to-1-6-in-december-on-higher-food-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16821","title":{"rendered":"Inflation in Canada ticks up to 1.6% in December on higher food prices"},"content":{"rendered":"
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Inflation in Canada ticks up to 1.6% in December on higher food prices<\/a><\/h3>\n<\/div>\n

\"Food<\/h3>\n<\/div>\n<\/div>\n
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Food prices are increasing at more than twice the overall inflation rate, Statistics Canada says. (Shutterstock )<\/p>\n<\/div>\n<\/div>\n

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The cost of living in Canada went up by\u00a01.6 per cent in December due to higher prices for food, shelter and transportation.<\/div>\n<\/div>\n<\/div>\n
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Statistics Canada reported Friday that Canada’s inflation rate is now at its highest level in more than a year.<\/p>\n

All eight subsectors the agency\u00a0pays attention to in calculating the inflation rate went up during the month.<\/p>\n

But food\u00a0led the way, as\u00a0Canadians paid\u00a03.7 per cent more for food last month than they did in the same month a year earlier. \u00a0That means food prices increased at more than twice the overall inflation rate.<\/p>\n

\"CANADIAN“Food prices\u00a0were a source of upward pressure, amid the great cauliflower crisis,” BMO economist Doug Porter noted, referencing a\u00a0popular internet meme of this year centred around exorbitant prices observed for the vegetable<\/a>.<\/p>\n

Fresh vegetables were indeed among the biggest factors in the higher inflation rate, up 13.3 per cent in December on an annualized basis.<\/p>\n

The data agency’s transportation index, which includes gas prices, increased by 0.6 per cent after declining for each of the previous 13 months.<\/p>\n

Overall, prices rose in every province and territory, but B.C. led\u00a0with an inflation rate of 1.9 per cent.<\/p>\n

Economists have been warning that the lower Canadian dollar would start to push up prices for imported items such as food and gasoline.<\/p>\n<\/div>\n<\/div>\n

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Inflation in Canada ticks up to 1.6% in December on higher food prices Food prices are increasing at more than twice the overall inflation rate, Statistics Canada says. (Shutterstock ) The cost of living in Canada went up by\u00a01.6 per cent in December due to higher prices for food, shelter and transportation. Statistics Canada reported […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,1055,172,426,1936],"class_list":["post-16821","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-consumer-price-index","tag-cpi","tag-inflation","tag-statistics-canada"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16821"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16821\/revisions"}],"predecessor-version":[{"id":16822,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16821\/revisions\/16822"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}