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Inflation hit 4.8 mark once again after three decades

BY The Canadian Press, Jan 19, 2022 6:18 PM - REPORT AN ERROR

Inflation hit 4.8 per cent in December.

The last time it was that high was December, 1991 when the number-one hits on the radio included Michael Bolton's ``When a Man Loves a Woman'' and Michael Jackson's ``Black or White.''

The main drivers for price growth were higher year-over-year prices for food, passenger vehicles and housing.

Prices at the gas pumps shot up 33.3 per cent from December 2020, but that was lower than November's 43.6 per cent annual increase.

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