CPI was up 2.2% year over year in December
In November, energy prices posted their first year-over-year increase since April
The results were in line with expectations
The Fed cut short-term rates last month for the third time this year
Overall consumer prices rose 1.8% over the past year
Central bank stands out among international peers in its decision to hold steady
A 10% drop in gas prices compared with last year continues to weigh on overall inflation
Prices have risen at a modest annual rate of 1.7% over the past 12 months
StatsCan notes that online prices have greater volatility than in-store prices
Gas prices fell 10.2% last month, following a decrease of 6.9% in July