Canada's inflation rate quickened somewhat to 1.2 per cent in December, higher than November's level but still low by historical standards. Statistics Canada said Friday the consumer price index was led higher by gasoline, which was 4.7 per cent more expensive at the end of 2013 than it was at the end of 2012. The loonie reacted mildly positively to the news, trading up about a quarter of a cent to 90.34 cents US. Six of the eight categories of items that Statistics Canada tracks the price of were higher. Prices increased in every province except B.C., where they were flat.
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| http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/cpis01k-eng.htm |
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| http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/cpis01a-eng.htm |
Don Quixote Note: The RDNO uses December B.C. CPI for their political Salary Increases. As there was a 0% increase there should be no change or increase in the 2014 budget.
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