April 26, 2024
Inflation rate drops to 5.2 per cent in February — but grocery prices are still up | CBC News

Inflation rate drops to 5.2 per cent in February — but grocery prices are still up | CBC News

Business·New

Canada’s inflation rate fell to 5.2 per cent in February, the largest deceleration from a previous month since April 2020, according to Statistics Canada.

Rate previously slowed to 5.9 per cent in January

Vegetables are shown in the produce section of a grocery store.
The produce section at a Longo’s supermarket in Stouffville, Ont., in February. Canada’s inflation rate fell to 5.2 per cent in February, the largest deceleration from a previous month since April 2020, according to Statistics Canada. (Emily Chung/CBC)

Canada’s inflation rate fell to 5.2 per cent in February, the largest deceleration from a previous month since April 2020, according to Statistics Canada.

More to come.

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