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Source: CTV

Inflation accelerates as higher airfares, vegetable prices offset cheaper gas

Saturday 13:34 GMT

Canada's annual inflation rate accelerated to two per cent last month as higher costs for airfares and fresh vegetables offset cheaper prices at the pump, Statistics Canada said Friday.

Year-over-year prices picked up their pace in December after inflation was just 1.7 per cent in November, the agency said in its latest consumer price index. Economists had expected a year-over-year increase of 1.7 per cent for December, according to Thomson Reuters Eikon.


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