Annual inflation in Canada hit its highest level in 30 years in December at 4.8%.
Supply chain issues were the main contributor to the rise, according to StatCan, the country’s official statistical agency.
The rate was 4.7% in the previous month, while monthly inflation was 0.1% in December after 0.2% in November.
Grocery prices continued to climb in December but durable goods prices saw a faster pace.
Germany and the UK’s inflation figures also hit 30-year high levels on Wednesday.
Source: Anadolu Agency