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Inflation rate falls slightly in February

By Kevin Northup Mar 19, 2024 | 9:58 AM

Canada’s inflation rate was down slightly in February.

Statistics Canada says the Consumer Price Index rose 2.8 percent on a year-over-year basis.

That’s down from a 2.9 percent gain in January.

Food prices at the grocery store rose 2.4 percent, that’s down from 3.4 percent in January.

Gas prices were up slightly year-over-year after a four percent decline in January.

Stats Canada says cell services and Internet access were also cheaper.

Read the full report here.