The Statistics Canada report Friday found gas prices fell 9.8 per cent, month-over-month, between November and December and slid 24.6 per cent between June and December.
Many Powell Riverites are enjoying the cheaper fillups at the pump. Local single mom of 4, Samantha Hurrie has this to say when Coastfm news asks if she’s noticed the lower prices….
The collapse in oil prices slowed Canadian inflation in December as falling pump prices helped decelerate the annual rate to 1.5 per cent, a drop from its two per cent perch the month before.
And we are seeing the differnce at the pumps right here in Powell River as prices are below the loonie a litre mark.
Local single mom of 4, Samantha Hurrie told coastfm news
Due to the oil-price plunge, the central bank also slashed its projections for the inflation rate in 2015.
On a seasonally adjusted month-to-month basis, Statistics Canada s report said prices overall fell 0.1 per cent in December, after dropping 0.2 per cent in November.
Statistics Canada also said Friday that retail sales in November rose by 0.4 per cent to $43 billion.