Canada's CPI rises 3.9 pct in 2023

OTTAWA, Jan. 16 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 3.9 percent on an annual average basis in 2023, following a 40-year-high increase of 6.8 percent in 2022 and a 3.4 percent increase in 2021, Statistics Canada said on Tuesday.

Aside from 2022, the annual average increase in 2023 is the largest since 1991. Excluding energy, the annual average CPI rose 4.5 percent in 2023 compared with 5.7 percent in 2022, the national statistical agency said.