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Canadian Inflation Accelerates to Fastest Pace in Three Years

  • Consumer prices were up 2.2% in February from a year ago
  • Core prices up for a fifth month to fastest since 2012
Updated on

Canadian inflation picked up more than analysts expected in February to the fastest in more than three years as signs point to price pressures continuing to build.

Consumer prices accelerated to an annual pace of 2.2 percent in February, the most since 2014, from 1.7 percent a month earlier. Economists had anticipated a 1.9 percent increase. Core prices -- which exclude more volatile items like energy and are considered a gauge of inflation pressures -- inched higher for a fifth month to 2.03 percent, which is the fastest since 2012.