Canada’s Annual Inflation Rate Jumps to 2.6% in February: StatCan

Canada’s Annual Inflation Rate Jumps to 2.6% in February: StatCan
A person carries shopping bags along a street in Montreal, on Dec. 14, 2024. The Canadian Press/Graham Hughes
The Canadian Press
Updated:
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The annual rate of inflation accelerated sharply to 2.6 percent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday.

That marks a sizeable jump from the 1.9 percent increase seen in January, when Canadians saw GST and HST taken off a variety of household staples, common gifts and restaurant bills for the entire month.