Canada: Annual CPI Edges Higher to 1.1% in February

Inflation in Canada, as measured by the Consumer Price Index (CPI), was 0.5% in February, the data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI edged higher to 1.1% from 1% but fell short of the market expectation of 1.3%.

Moreover, the Bank of Canada’s (BoC) Core CPI, which strips volatile energy and food prices, declined to 1.2% annually from 1.6% in January and missed analysts’ estimate of 1.4%.