Canada's inflation up from 1.9% to 2.6% in February - Breaking The News

Canada's inflation up from 1.9% to 2.6% in February

18 March

1 min read

UNSPLASH/DILLON LOBO

Annual inflation in Canada spiked from 1.9% in January to 2.6% in February, according to a report by Statistics Canada on Tuesday. Month-on-month, the consumer price index (CPI) rose by 0.4%. The rise in prices was mainly attributed to the end of the goods and services tax (GST)/harmonized sales tax (HST) break partway through the month.

Yearly core inflation, excluding energy and food, stood at 2.7%, up from 2.1% in January. Monthly, core inflation was measured at 0.7%.

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