World, Americas

Canada sees 30-year high inflation in December

Annual inflation at 4.8%, monthly rate stands at 0.1%, according to official figures

Gokhan Ergocun   | 19.01.2022
Canada sees 30-year high inflation in December

ISTANBUL

Annual inflation in Canada hit its highest level in 30 years in December at 4.8%.

Supply chain issues were the main contributor to the rise, according to StatCan, the country's official statistical agency.

The rate was 4.7% in the previous month, while monthly inflation was 0.1% in December after 0.2% in November.

Grocery prices continued to climb in December but durable goods prices saw a faster pace.

Germany and the UK's inflation figures also hit 30-year high levels on Wednesday.​​​​​​​

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