Inflation hit 4.8 per cent in December 2021.
The last time it was that high, number-one hits on the radio included Michael Bolton’s “When a Man Loves a Woman” and Michael Jackson’s “Black or White.”
Higher year-over-year prices for food, passenger vehicles and housing were main reasons for the rise in inflation.
Prices at the gas pumps shot up 33.3 per cent from December 2020, but that was lower than November’s 43.6 per cent annual increase.
