Annual pace of inflation cools to 2.2 per cent in February

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OTTAWA — Statistics Canada says the consumer price index in February rose 2.2 per cent compared with a year ago.

The increase comes after a year-over-year increase of 2.4 per cent in January.

Economists had expected a reading of 2.1 per cent for February, according to a poll by financial markets data firm Refinitiv.

Canada’s national annual inflation rate was 2.2 per cent in February and here’s what happened in the provinces (previous month in brackets):

  • Newfoundland and Labrador: 1.7 per cent (2.2)
  • Prince Edward Island: 2.2 (3.0)
  • Nova Scotia: 2.5 (2.6)
  • New Brunswick: 2.2 (2.5)
  • Quebec: 2.3 (2.7)
  • Ontario: 2.0 (2.1)
  • Manitoba: 2.3 (2.5)
  • Saskatchewan: 1.9 (2.3)
  • Alberta: 2.5 (3.0)
  • British Columbia: 2.4 (2.3)