Canada's annual inflation rate slows to 2.8% in February

Credit: REUTERS/CARLOS OSORIO
   OTTAWA, March 19 (Reuters) - Canada's annual inflation rate slowed to 2.8% in February on lower year-over-year prices for cellular service, as well as food purchased from stores, Statistics Canada said on Tuesday.
   Analysts had expected annual inflation to rise to 3.1% from 2.9% in January.

  

                                       Percent changes             
                             Month-on-month        Year-on-year
                               Feb      Jan         Feb     Jan
    CPI - all items           +0.3      0.0        +2.8    +2.9
    CPI - common               n/a      n/a        +3.1    +3.3
    CPI - median               n/a      n/a        +3.1    +3.3
    CPI - trim                 n/a      n/a        +3.2    +3.4
    Bank of Canada core       +0.1     +0.1        +2.1    +2.4
    All items ex food/energy  +0.2     -0.1        +2.8    +3.1
    Goods                     +0.3      0.0        +1.2    +1.3
    Services                  +0.4      0.0        +4.2    +4.2
    Energy                    +2.8     -1.1        +1.3    -2.7

    Seasonally adjusted       +0.1     -0.1         n/a     n/a
    Core CPI, SA              -0.1      0.0         n/a     n/a

  
  

   NOTE: Analysts in a Reuters survey had forecast February CPI to be up 3.1% annualized, and to be up 0.6% on the month.  
   (Reporting by Dale Smith; Editing by Ismail Shakil)
 ((ismail.shakil@tr.com))

Keywords: CANADA ECONOMY/INFLATION
    

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