Inflation Rate Unexpectedly Fell to 2.8 Percent in February

Inflation Rate Unexpectedly Fell to 2.8 Percent in February
A woman pumps gas at a gas station in Mississauga, Ont., on Feb. 13, 2024. The Canadian Press/Christopher Katsarov
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Canada’s annual inflation rate unexpectedly fell to 2.8 percent last month, amid sharp declines in cellular and internet services as well as slower grocery price growth.

Statistics Canada released its February consumer price index report on March 19, which shows price growth softened for a second consecutive month.