Canada's inflation shoots up to 2.6% as sales tax break ends

Annual inflation rate jumps to 2.6% in February with end of tax holiday: StatsCan

February’s figures well ahead of consensus among economists, which called for 2.2 per cent inflation in the month

Canada's CPI rises 2.6 pct in February

OTTAWA, March 18 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 2.6 percent in February year over year, following an increase of 1.9 percent in January, Statistics Canada said Tuesday. Read full story

Not Just in the US: Inflation Dishes Up Another Nasty Surprise in Canada, Throwing Further Rate Cuts into Doubt

But it’s not in housing; it’s spread across much of the economy. And it’s not just the end of the temporary GST (goods & service tax) holiday.

Sudden spike in February inflation ‘complicates’ the Bank of Canada’s rate-cutting campaign, economists say

Canada’s Consumer Price Index was 2.6% higher in February; a consensus of economists surveyed by Bloomberg had expected to see the CPI rise by 2.2%.

Inflation up in February to 2.6 per cent

According to Statistics Canada, February's national inflation rate was 2.6 per cent, up seven-tenths of a percentage point from January.

Canada's inflation jumps to eight-month high

Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month pushed prices higher amid an already broad-based increase, data showed today.