Rising prices for housing, gasoline and groceries have pushed the annual pace of inflation above five per cent for the first time in more than 30 years.Statistics Canada reports inflation rose from 4.8 per cent in December to 5.1 per cent in January.Gasoline prices shot up 31.7 per cent from a year ago while grocery prices rose 6.5 per cent.Housing prices rose 6.2 per cent, the fastest pace since February 1990, driven by higher prices for new homes as well as rent increases.
