Monday, February 9, 2026

OECD inflation rate 3.7 per cent


 

Inflation rates came in at 3.7 per cent in December for countries that belong to the Organization for Economic Co-operation and Development.


Canada’s rate was higher than that because a tax break the previous year was no longer in effect.


Canada’s food inflation also continued to rise whereas it held steady in Europe.


The report contains a number of qualifiers on United States figures which used to be reported by the federal labour department, but which President Donald Trump gutted because he didn’t like the numbers.