20 Mar 2015
Canadian Inflation rose 1.2% year-on-year in February
FXStreet (Mumbai) - The data released by Statistics Canada showed today the Consumer Price Index (CPI) rose 1.0% in the 12 months to February, matching the estimate and increase in January.
Lower gasoline prices, down 21.8%, proved to be the largest drag over the headline figure on a year-on-year basis. However, the pace of fall in gasoline prices moderated from the 26.9% fall seen in January.
Meanwhile, on a monthly basis, the CPI rose 0.9%, beating the estimate of 0.7% and a contraction of 0.25 seen in January. On a non-seasonally adjusted monthly basis, the gasoline price index rose 9.4% in February, following seven consecutive declines.
Excluding gasoline, the CPI increased 2.2% on a year-over-year basis in February, following a 2.4% rise the previous month.
Lower gasoline prices, down 21.8%, proved to be the largest drag over the headline figure on a year-on-year basis. However, the pace of fall in gasoline prices moderated from the 26.9% fall seen in January.
Meanwhile, on a monthly basis, the CPI rose 0.9%, beating the estimate of 0.7% and a contraction of 0.25 seen in January. On a non-seasonally adjusted monthly basis, the gasoline price index rose 9.4% in February, following seven consecutive declines.
Excluding gasoline, the CPI increased 2.2% on a year-over-year basis in February, following a 2.4% rise the previous month.