The annual rate of inflation slowed to 6.3 per cent in December 2022 as consumers paid less for gasoline.
Lower gas prices contributed enough to the rate of inflation to cause a much needed drop.
Gas price analyst Dan McTeague says lower gasoline prices compared to this time last year is a big reason for the relief.
He says we also saw a bit of a rally in the Canadian dollar, which helped the country’s buying power.
