Gasoline prices fell 16.6 percent in the 12 months to December, after declining 5.9 percent in November. As a result, transportation costs declined 2.8 percent. Excluding gasoline, the CPI increased 2.3 percent, matching the November rise.
The shelter index rose 2.4 percent, following a 2.3 percent gain in November. Natural gas prices increased 16.5 percent after recording a 14.7 percent rise the previous month. Electricity prices were up 4.3 percent, following a 3.6 percent increase in November.
Food prices advanced 3.7 percent, after posting a 3.1 percent gain in November. Prices for food purchased from stores were up 4.2 percent, following a 3.3 percent increase the previous month. This acceleration was led by prices of fresh vegetables, which advanced 6.9 percent, after rising 2.6 percent in November. Consumers also paid more for meat (+13.1 percent) and food purchased from restaurants (+2.5 percent).
The Bank of Canada's core index rose 2.2 percent in the 12 months to December, after increasing 2.1 percent in the previous month.
On a monthly basis, consumer prices dropped 0.7 percent in November, following a 0.4 percent fall in November. Before seasonal adjustment, the gasoline price index fell 9.8 percent in December. Between June and December 2014, gasoline prices decreased 24.6 percent.