Cheaper gasoline slows Canada inflation

Canadian consumer prices rose 0.5 percent in the 12 months to January, as cheaper gasoline kept downward pressure on inflation, the government statistics agency said Friday.

The price of food purchased from stores, notably meat, eased in the month. Rent and homeowners' replacement costs were up, while mortgage interest costs decreased, said Statistics Canada.

In addition to a year-over-year price decrease in gasoline, the cost of purchasing a passenger vehicle dropped, it said.

Clothing and footwear prices also fell.