Canada's annual inflation rate slowed in December, data showed on Tuesday, helped by a sales tax break which kicked off from the mid of the month and brought down prices of alcohol, restaurant foods and children's clothing.

Canada's inflation rate fell to 1.8 per cent in December, with the federal government's GST holiday contributing to a price decline across several categories, Statistics Canada said Tuesday.

TORONTO (Reuters) - Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%.

Ottawa: Canadian inflation fell 0.1 percentage points to 1.8 percent in December as a brief sales tax holiday on selected consumer goods kicked off,

December’s inflation results were heavily influenced by the GST tax break on some items that took effect halfway through the month, Statistics Canada said

For the first time since 2019, Canadian inflation stayed within the central bank’s target range for a full year, a mark of achievement for policymakers ahead of a potential tariff war that threatens to derail their progress.

The annual inflation rate in Canada eased to 1.8% in December from 1.9% in the previous month, slightly below market expectations that it would remain at 1.9%. The annual core inflation rate in Canada which excludes eight of the most volatile components such as food,

Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%.