Statistics Canada to release consumer price index for February
Statistics Canada is set to release its inflation figures for February on Wednesday.
The monthly consumer price index tracks changes in the price for goods and services commonly purchased by households in Canada, like groceries and haircuts.
Economists expect an increase in the consumer price index of 2.1 per cent for February compared with a year ago, according to a poll by financial markets data firm Refinitiv.
The annual pace of inflation rose to its fastest rate in almost two years in January, when it came in at 2.4 per cent.
The increase was driven by higher costs at the gas pump, pricey tomatoes and a rare surge in the cost of clothing.
The reading for February measures a period before the impact of the spread of COVID-19 in Canada and the dramatic steps taken to limit the damage.
- Inflation rises again, Statistics Canada says
- Statistics Canada says economy added over 30,000 jobs in January, unemployment down
- Housing sales increase across the country during February
- Statistics Canada reports manufacturing sales down 0.2% in January
- Average Canadian debt rose 2.7 per cent to $72,950, says Equifax Canada
- Film and television studio opening third location in Mississauga
- Justin Trudeau speaks out about racist tirade at Mississauga grocery store, police say they’re investigating
- Police investigating reports of man trying to enter occupied cars in Mississauga
- Here are all the places that now require masks or face coverings in Mississauga
- CAUGHT ON VIDEO: Anti-masker's racist rant in Mississauga grocery store