The rate of inflation in Guernsey has slowed over the past year, according to the latest external figures. In the 12 months to December 2024, the Retail Price Index (RPI), which shows the cost of living in Guernsey was 4.6% The RPI was previously 6.3% in the 12 months to December 2023, official figures showed.

Canada’s inflation rate fell to 1.8% in December, a surprising drop. This decrease is largely due to a sales tax break introduced mid-month, which reduced the cost of goods like alcohol, restaurant meals,

Canada's annual inflation rate slowed to 1.8 per cent in December after rising 1.9 per cent in November, as the temporary GST tax break brought down the price of restaurant meals, alcohol and toys. Economists polled by Reuters had expected inflation to remain unchanged at 1.

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,