AcustomershopsforfoodatagrocerystoreinVancouver,BritishColumbia,Canada,onJan.16,2024.Canada'sConsumerPriceIndex(CPI)rose3.9percentonanannualaveragebasisin2023,followinga40-year-highincreaseof6.8percentin2022anda3.4percentincreasein2021,StatisticsCanadasaidonTuesday.(PhotobyLiangSen/Xinhua)OTTAWA,Jan.16(Xinhua)--Canada'sConsumerPriceIndex(CPI)rose3.9percentonanannualaveragebasisin2023,followinga40-year-highincreaseof6.8percentin2022anda3.4percentincreasein2021,StatisticsCanadasaidonTuesday.Asidefrom2022,theannualaverageincreasein2023isthelargestsince1991.Excludingenergy,theannualaverageCPIrose4.5percentin2023comparedwith5.7percentin2022,thenationalstatisticalagencysaid.Accordingtotheagency,decelerationintheannualaverageheadlineinflationwasledbylowerenergyprices,whichfell4.2percentin2023followinga22.5percentincreasein2022.Theslowdowninenergypriceswasledbygasolineprices,whichfell7.6percentin2023aftera28.5percentincreasein2022.Pricesforfueloilfell11.2percentin2023comparedwitha59.6percentincreasein2022.DespiteshowingadeceleratingtrendsinceJanuary2023,year-over-yearpricegrowthintheall-itemsCPIhoveredbetween3percentand4percentforthelastsixmonthsof2023,theagencysaid.TheCPIrose3.4percentonayear-over-yearbasisinDecember,followinga3.1percentincreaseinNovember.Onamonthlybasis,theCPIfell0.3percentinDecember,aftera0.1percentgaininNovember.Onaseasonallyadjustedmonthlybasis,theCPIrose0.3percentinDecember,StatisticsCanadasaid.AcustomershopsforfoodatagrocerystoreinVancouver,BritishColumbia,Canada,onJan.16,2024.Canada'sConsumerPriceIndex(CPI)rose3.9percentonanannualaveragebasisin2023,followinga40-year-highincreaseof6.8percentin2022anda3.4percentincreasein2021,StatisticsCanadasaidonTuesday.(PhotobyLiangSen/Xinhua)AcustomershopsforfoodatagrocerystoreinVancouver,BritishColumbia,Canada,onJan.16,2024.Canada'sConsumerPriceIndex(CPI)rose3.9percentonanannualaveragebasisin2023,followinga40-year-highincreaseof6.8percentin2022anda3.4percentincreasein2021,StatisticsCanadasaidonTuesday.(PhotobyLiangSen/Xinhua)AcustomershopsforfoodatagrocerystoreinVancouver,BritishColumbia,Canada,onJan.16,2024.Canada'sConsumerPriceIndex(CPI)rose3.9percentonanannualaveragebasisin2023,followinga40-year-highincreaseof6.8percentin2022anda3.4percentincreasein2021,StatisticsCanadasaidonTuesday.(PhotobyLiangSen/Xinhua)Editor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.