FLASH: Inflation Ticks Upward in Canada

Canadian 10-dollar bill, cc Flickr KMR Photography, modfied, https://creativecommons.org/licenses/by/2.0/


Inflation increased 2.2% in Canada over the month of February, its highest rate since October 2014, and up from 1.7% just one month before.

Upward price pressures came primarily from energy costs, which increased 5.3%. Year-on-year, gasoline has increased 12.6%. Other price drivers include restaurant food (4%), passenger vehicles (2.5%), and mortgage interest cost (2.3%).

Statistics Canada’s core inflation index also picked up speed to climb just over 2%. The index omits volatile factors such as energy costs to indicate a longer term trend of where inflation is heading.


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