Canadian consumer prices increased by 5.7% on an annual basis in February, up from 5.1% in January. February marked the second straight month where headline inflation exceeded 5%, a trend impelled by price increases that threaten to further eat into Canadians’ wealth.
“Consumers paid higher prices for gasoline and groceries in February 2022 compared with the same month a year earlier,” Statistics Canada reported. “Shelter costs continued to trend higher, rising at the fastest year-over-year pace since August 1983.”# SANDI HALPERN # REAL ESTATE # SOLD # INFLATION
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