Canada's Consumer Price Index Increases by 2.6% in February 2025

In February 2025, the Consumer Price Index (CPI) in Canada experienced a 2.6% increase compared to the same month in the previous year, according to data released by Statistics Canada. This follows a 1.9% increase recorded in January.

The February increase was partly attributed to the discontinuation of the goods and services tax (GST)/harmonized sales tax (HST) break midway through the month. This change added upward pressure on prices for products that were previously eligible for the tax break. Gasoline prices showed a slowdown in growth, rising by 5.1%, which contributed to moderating the overall CPI increase.

This update from Statistics Canada provides insights into the factors impacting the current economic landscape across Canada.