Canada’s annual inflation rate jumped to 3.4 per cent in December, according to data released by Statistics Canada on Tuesday.
That’s after both October and November saw inflation hold steady at 3.1 per cent compared to last year.
StatsCan said that the price of gasoline, air travel, passenger vehicles and rent drove the figure higher in December.
Food prices at stores also went up 4.7 per cent compared to last year, the same rate of increase as in November.
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The data comes a day after a Bank of Canada survey
